Steel Technologies New Joint Venture
LOUISVILLE, KY and DEARBORN, MI (May 12, 2014) – The Diez Group, LLC (The Diez Group) and Steel Technologies LLC (Steel Technologies) today announced a joint venture operating as Delaco Kasle Processing Indiana, LLC (DKP Indiana) to sell and process aluminum and steel coils and blanks for the automotive, appliance and agricultural industries.
The joint venture also announced a 106,000 square foot expansion to its facility in Jeffersonville, Indiana, to increase blanking capacity and expand capabilities to include scalloped/wave, configured, rectangular, and trapezoid blanking of both aluminum and steel. When complete, the 226,000 square foot facility will be a premier, high-quality processor of exposed and unexposed aluminum and steel blanks.
“We are extremely pleased to expand our partnership with The Diez Group,” said Michael J. Carroll, CEO and President of Steel Technologies. “Combining our strengths in this venture creates a unique opportunity to bring more value to our customers,”
“This joint venture with Steel Technologies brings together their expertise along with ours to open new markets in the South and Midwest,” said Gerald Diez Jr., President of The Diez Group.
Steel Technologies, headquartered in Louisville, Kentucky, is one of the leading steel processors in North America and leverages its broad geographic network of operations to deliver value-added products and services to customers. Steel Technologies is owned as a 50-50 joint venture between Nucor Corporation, one of North America’s leading manufacturer of steel and steel products, and Mitsui & Co. (U.S.A.), Inc., a wholly owned subsidiary of Mitsui & Co., Ltd., a diversified global investment and service enterprise based in Tokyo, Japan. More information about Steel Technologies can be found at www.steeltechnologies.com.
The Diez Group is part of the Delaco Steel family of businesses. Delaco Steel is based in Dearborn, Michigan and has several locations in Michigan, New York, Tennessee and now Indiana. They are the largest Hispanic and Woman-owned supplier and manufacturer of aluminum and steel coils, and blanks in the United States. For additional information, please visit www.thediezgroup.com.