# Mill Steel Co. acquires Cleveland Metal Exchange and Chicago Stainless Metal Exchange

Mill Steel Co., a distributor of flat-rolled carbon steel, acquired Cleveland Metal Exchange (CME) and Chicago Stainless Metal Exchange to expand into flat-rolled stainless steel and aluminum markets. The transaction closed on January 18, 2023.

- Type: Acquisition
- Announced: 2023-01-18
- Where: United States
- Status: completed
- Products: flat-rolled carbon steel, stainless steel, aluminum
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Mill Steel Co.](https://endata.com/companies/25024.md) (acquirer)
- [Cleveland Metal Exchange](https://endata.com/companies/66735.md) (target)
- [Chicago Stainless Metal Exchange](https://endata.com/companies/66736.md) (target)

## Sources

- [millsteel.com](https://www.millsteel.com/news/mill-steel-co-enters-stainless-and-aluminum-space), 2023-01-18: "Mill Steel Co., one of the nation's largest distributors of flat-rolled carbon steel, is pleased to announce its expansion into the flat-rolled stainless steel and aluminum metal markets with the acquisition of Cleveland Metal Exchange (CME) and Chicago Stainless Metal Exchange."
- [prnewswire.com](https://www.prnewswire.com/news-releases/mill-steel-co-enters-stainless-and-aluminum-space-with-acquisition-of-cleveland-metal-exchange-301724681.html), 2023-01-18: "We are thrilled to be entering the stainless and aluminum industry. This was an easy decision made by our customers and supports our plans for continued growth."
- [varnumlaw.com](https://www.varnumlaw.com/news/varnum-represents-steel-company-in-expansion-into-stainless-aluminum-markets/), 2023-01-31: "The deal is the largest acquisition to date for Mill Steel Co."

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