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Tri Star Metals acquires Centric Alloys

Tri Star Metals announced that it has completed the acquisition of Centric Alloys Corp. (Centric), a specialty metals bar and wire company.

A press release said that Centric is a North American distributor and mill sourcing partner for nickel-based alloys, nickel bearing alloys, cobalt alloys and specialty stainless steels (remelted grades) in drawn wire, wire rod, and bar product forms. At its website, Centric notes that it is the largest U.S. stocking distributor and supplier of wire basket spools in North America.

“The addition of these industry experts greatly improves our ability to understand the unique demands of the defense sector and we are thrilled to welcome Centric’s current account base to the Tri Star family,” said Jim Roach, executive vice president of Tri Star Metals.

Tri Star, which is a member of the Hagener Feinstahl group of companies, has a 350,000-sq-ft manufacturing and distribution campus in Freeport, Illinois, and a West Coast Distribution facility in Phoenix, Arizona. Since 2010, it has invested more than $40 million in its mill/distribution facilities.

After nearly 20 years of growth at Centric, I am pleased to become part of the Tri Star team,” said Centric Alloys founder and President Mike Walsh.

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