Leading US metal processor Steel Technologies LLC has entered into a definitive agreement to purchase the assets of Calstrip Industries Inc. The transaction is expected to close late December 2021. Calstrip is a premier company in the flat-rolled metal processing business with operations in California, New Mexico, Texas, and Arkansas. Calstrip has developed a strong business model focused on contract business with complex supply chain and inventory management for JIT deliveries. Material offerings include flat-rolled low-carbon and high-carbon steel, stainless steel, galvanized, pre-painted, and aluminum. Industries served include appliance, electrical lighting, construction, HVAC, and automotive.Steel Technologies, headquartered in Louisville, Kentucky, is a leading metal processor in North America and leverages its broad geographic network of operations to deliver value-added products and services to customers. The Calstrip acquisition will expand Steel Technologies’ North American platform to 31 facilities, including joint-venture operations, located throughout the United States, Canada and Mexico. Steel Technologies is owned by NuMit LLC. which is a 50-50 joint venture between Nucor Corporation, North America’s leading manufacturer of steel products and Mitsui & Co (USA) Inc, a wholly owned subsidiary of Mitsui & Co., Ltd.