June 2013 - Effective June 1, 2013 General Steel, Inc in Macon, GA has been acquired by Triple-S Steel Holdings of Houston Texas.
Gary Stein, President and CEO of Triple-S Steel Holdings and Henry OIiner, President of General Steel have been close friends in the steel industry for over thirty years.
General Steel, has been a steel and metal distributor, processor and fabricator in Macon, Georgia since 1956. Started by Henry’s father Joseph Oliner, General Steel was originally a subsidiary of Macon Iron, Inc., a scrap processor sold in 2010 to Schnitzer Southeast, LLC. General Steel employs 45 workers and delivers throughout the state. All of the employees will remain with the new company.
Triple-S and its subsidiaries, Intsel Steel and R&S Steel, move over 600,000 tons of steel a year with locations in Texas, Louisiana, Tennessee, Utah, Colorado, and California. Over the last couple of years, the company has expanded into South America with divisions in Colombia (Steckerl Aceros).
Triple- S Steel is one of the largest privately owned steel distributors in North America.
“After careful consideration of our future, we saw that our growth would be accelerated as part of a much larger and stronger company,” noted Henry, “Triple-S is very similar to General Steel in its product line and in its operating culture, but their strong growth and position in the market brings strength to General Steel that would be hard to achieve organically. Triple-S Steel managers are long-term thinkers, entrepreneurial to their core, very creative and innovative, and they treat their customers and their employees like family. This acquisition will bring great opportunities to the employees and customers of General Steel.”
Gary Stein commented, “I have great respect for Henry’s ability to create business opportunities for our company. He has successfully built General Steel into a fine service center in its territory, and we welcome Henry and his entire team into the Triple-S family.”
Henry Oliner will become Senior Vice President of Triple-S Steel of Georgia, focusing on leveraging Triple-S Steel’s strengths into the southeastern market.