Quality Steel Parent Company Acquires Buckeye Fabricating

LT Corp. (Cleveland, Miss.), the parent company of Quality Steel Corp. and LP Cylinder Service Inc. (LPC), announced Oct. 28 the acquisition of substantially all of the assets of Buckeye Fabricating Co.

Buckeye Fabricating (Springfield, Ohio), founded in 1963, fabricates custom-designed welded steel ASME pressure vessels and noncode tanks. The company serves a variety of end users in multiple industries and has established itself as one of the U.S.’s prominent producers of custom fabricated pressure vessels and process tanks.

Jim Tims, chairman of the board of LT Corp., said, “We are so delighted to welcome the newest member to the LT Corp. family of businesses, Buckeye Fabricating Co. The prospect of developing this new familial relationship and adding to the product diversity of our companies has us very excited. We look forward to developing longstanding relations with the customer base and associates of Buckeye Fabricating.”

Sean Wessel, president & CEO of Quality Steel, stated, “The addition of Buckeye to LT Corp.’s family of companies helps us to further our corporate objectives for growth and diversification. We’re very excited to welcome Buckeye associates and look forward to working with them to build upon the previous success of Buckeye’s custom vessel business.”

LT Corp.’s vice president of strategy & corporate development, Dean Francis, added, “Buckeye’s focus on providing an excellent customer experience and its dedication to exceeding customers’ expectations align perfectly with the core values of LT Corp. and its affiliates.”

Richard Macaulay, owner & CEO of Buckeye Fabricating, concluded, “It’s exciting to see the possibilities of growth with the synergies of adding together each organization’s expertise and core competencies. These combined resources will make a strong business corporation with depth and capacity to be a dominant leader in the pressure vessels industry. I am proud that the legacy of Buckeye Fabricating will continue to move forward with significance and longevity.”

SOURCE: The Weekly Propane Newsletter, November 19, 2020. Weekly Propane Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere.