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MAIN STEEL ANNOUNCES PROMOTIONS AND NON-CORE DIVESTITURE

Elk Grove Village, Illinois, November 3, 2016 –  Main Steel, LLC (“Main Steel” or the “Company”), a leading national processor and polisher of stainless steel, aluminum, and nickel alloys, announced several key internal promotions and the non-core divestiture of Metals Inc by its parent, Advanced Alloy Processing.

Chief Financial Officer Paul Patek has been promoted to President and General Manager of Main Steel, and Dave Yundt has been promoted to Senior Vice President, Commercial. Both Mr. Patek and Mr. Yundt will lead Main Steel’s rapid growth as a leading national processor and polisher of stainless steel, aluminum, and nickel alloys.

Kevin Stevick, Chief Executive Officer of Main Steel, said, “We are thrilled to announce the promotions of Mr. Patek and Mr. Yundt.  Their leadership has been instrumental to developing key relationships with Main Steel’s service center and mill customers, and to maintaining our reputation for excellence in the toll processing of specialty metals.  We look forward to their continued leadership in providing excellent service to our customers across our national network of facilities.”

Additionally, Advanced Alloy Processing, parent of Main Steel, has sold Metals Inc to an affiliate of Triple-S Steel Supply Co. Headquartered in Tulsa, Oklahoma, Metals Inc is a specialty distributor of plate and sheet products to the energy, petrochemical, food service and general industrial segments.

Paul Patek, newly appointed President and General Manager of Main Steel, said “This divestiture supports our Company’s continued focus on providing high quality tolling services.  We will continue to build on our reputation for service and unique capabilities as we continue to actively pursue significant processing relationships with major service centers.”

 

ABOUT MAIN STEEL

Based in Elk Grove Village, Illinois, Main Steel is a leading national specialty processor and polisher of stainless steel, aluminum, and nickel alloys, serving its customers through its four processing locations across the United States. For further information about Main Steel, please visit www.mainsteel.com.

 

Media Contact:
Daniel Yunger

KEKST

212-521-4800

 

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