Reynolds Services, Inc. and Colonial Slitting Industries, LLC Announce Strategic Alliance

Reynolds Services, Inc. and Colonial Slitting Industries, LLC Announce Strategic Alliance to Expand Slit Coil Services and Product Offerings at Weirton, WV Location

Leading US tin mill service center, Reynolds Services, Inc., and world-class supplier of steel slitting products and services, Colonial Slitting Industries, LLC today announced the formation of a strategic alliance to expand the offerings of slit coil services and products offered through the newly-formed Colonial Slitting Industries, LLC. facility located in Weirton, WV.

As part of the agreement Colonial Slitting Industries, LLC has acquired select coil slitting machinery assets of Reynolds Services including all production assets of RSI’s Weirton-based Coil Slitting International subsidiary.  Reynolds Services, Inc. will utilize Colonial Slitting Industries, LLC as its preferred toll slitting partner in the Ohio and Shenango Valleys and maintain direct tin mill product sales responsibility for the facility, while Colonial Slitting Industries, LLC will focus on its core competency of providing and marketing high-quality, world-class toll slitting services.

This alliance will provide Colonial much needed processing capacity in the Weirton, WV market, while also providing redundant capacity for their current customer base.

Colonial Slitting Industries, LLC will license core technologies from Reynolds Services, Inc. including RSI’s internally-developed, enterprise resource planning system, SteelOrder.info.  The deal is expected to close prior to April 1, 2019.

About Reynolds Services, Inc.:  Reynolds Services, Inc. is a metal service center that specializes in the processing, distribution and sales of tin mill products, flat rolled steel products, and other nonferrous metals including aluminum. Reynolds Services’ integration of technology and culture of innovation throughout all phases of their operations has allowed RSI to stay ahead of the curve as the steel market continues to evolve. For additional information visit, www.rsi.biz.

About Colonial Slitting Industries, LLC:  Colonial Slitting Industries, LLC is a World-Class level supplier of toll slitting services that has common ownership with Colonial Metal Products, Inc. located in Hermitage, PA.   For additional information visit, www.colonialslitting.com.

Company Contacts:

Brandy A. Hammerschmidt
Director of Corporate Services
Reynolds Services, Inc.
860 Brentwood Drive
Greenville, PA 16125 USA
Tel: +1.724.646.3781
brandy@rsi.biz

Stan Nolf
Executive Vice President
Colonial Slitting Industries, LLC
624 Hamilton Road
Weirton, WV 26062 USA
Tel: +1.304.748.8520
Cell: +1.724.854.1202
snolf@coilslitting.com