# SteelSummit Holdings acquires Magic Steel Sales

SteelSummit Holdings, a subsidiary of Sumitomo Corporation, acquired Magic Steel Sales, a steel service center company headquartered in Grand Rapids, Michigan, with approximately $200 million in sales. Terms were not disclosed.

- Type: Acquisition
- Announced: 2019-06-26
- Where: Grand Rapids, Michigan, United States
- Status: completed
- Products: steel service center services
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Sumitomo Corporation](https://endata.com/companies/6281.md) (investor)
- [SteelSummit Holdings](https://endata.com/companies/15944.md) (acquirer)
- [Magic Steel Sales](https://endata.com/companies/15945.md) (target)

## Sources

- [steel-technology.com](https://www.steel-technology.com/index.php/pressreleases/steelsummit-holdings-expands-footprint-with-strategic-acquisition-of-magic-steel-sales), 2019-06-26: "This acquisition is a perfect complement to our organization as it adds new markets and geographic diversity with minimal customer overlap."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.