CLEVELAND, July 30,
2024 /PRNewswire/ -- The Jade Steel Group, in
partnership with Standard Horse Nail Company, LLC, is proud to
announce the acquisition of Precision Kidd Steel Company, a
renowned producer of precision cold drawn steel shapes. This
acquisition aims to expand Jade Steel Group's capabilities in the
steel distribution and precision value-add spaces. The new
partnership looks to immediately strengthen and restore the
expertise and distinction of what Precision Kidd Steel once
represented.
A Strategic Expansion
The acquisition of Precision
Kidd Steel aligns with the Jade Steel Group's long-term strategy to
diversify and enhance its product offerings. Precision Kidd
brings over 100 years of experience in manufacturing high-quality,
cold-drawn steel profiles, which gives customers the solutions
needed in highly competitive industries such as hand tools,
automotive, oil and gas, aerospace, and construction.
Enhanced Capabilities
The Jade Steel Group will
integrate Precision Kidd's state-of-the-art cold drawn steel bar
and wire processes, in-house heat treating, and advanced engineered
technologies into its operations. The partnership with
Standard Horse Nail will improve efficiency, product quality, and
overall customer satisfaction as Precision Kidd looks to
continuously innovate and deliver superior products to the
constantly evolving market demands.
Comments from Leadership
"The acquisition of
Precision Kidd is a significant milestone for the Jade Steel
Group," said CEO of the Jade Steel Group, Howard Fertel. "Precision Kidd's commitment
to quality and innovation aligns perfectly with our values.
Together, we will be able to provide a broader range of products
and services to our clients, ensuring we remain at the forefront of
the industry."
Standard Horse Nail Peter Merrick, VP. Operations, also
expressed enthusiasm about the acquisition: "Precision Kidd has
a storied history of quality and precision; we have put a team
together that will maintain and enhance that tradition and improve
capacity, capability and customer service. We are excited to work
with the employees, suppliers and customers to become a world class
cold drawn steel supplier."
About the Jade Steel Group
The Jade Steel Group
focuses on delivering complete supply chain solutions from wire
rod, hot roll and cold finished steel bar to fully finished
precision-machined parts. The Jade Steel Group, headquartered in
Cleveland, OH, has a strong
commitment to quality, sustainability, and customer satisfaction.
Precision Kidd will be joining Jade Steel Group's family of
companies which already include Jade Sterling Steel, Clark Cold
Drawn, and JSG Precision.
About Precision Kidd Steel Company
Precision Kidd Steel Company, headquartered in Aliquippa, PA and Clinton PA, is a leading manufacturer of
precision cold drawn steel shapes, serving a wide range of
industries with custom-engineered solutions. With a history
spanning over a century, Precision Kidd is known for its commitment
to quality, innovation, and customer satisfaction.
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SOURCE Jade Steel Group