Lapham-Hickey Steel Corporation acquires The Thompson Companies
Lapham-Hickey Steel Corporation is pleased and excited to announce the acquisition of The Thompson Companies, comprised of the family owned Thompson Dayton Steel Service Centers.
Founded in 1922 and operating four flat rolled production facilities in Paulding, Ohio; Dayton, Ohio; Rome, Georgia and Fountain Inn, South Carolina, Thompson Dayton is a world-class supplier of flat rolled steel products throughout the United States. The company offers a full range of processing capabilities, which include slitting, cut-to-length, blanking, oscillating, and hardening & tempering. Their product line includes niche products such as tempered spring steel, low and high carbon strip steel and band saw steels. Thompson Dayton also supplies a full range of hot rolled, cold rolled and coated products to the automotive and industrial markets.
“Strategically, the acquisition of Thompson Dayton complements our existing footprint. It gives us the opportunity to more competitively supply flat roll consumers in the Indiana and Ohio markets, as well as the Southeast marketplace where we are seeing continued growth from our customers,” said Will Hickey, Chief Commercial Officer of Lapham-Hickey Steel. “Additionally, the acquisition expands our processing capabilities. Hardened and tempering capabilities will support our distribution of tempered spring steel products from our Chicago and Philadelphia locations. In-house oscillating will allow us to meet the increasing need of our customers requiring oscillate coil. A multi-blanking line will allow us to better supply high volume precision tolerance blanks. At the end of the day, we feel this makes us a more valuable supplier to both customer bases.”
All four Thompson Dayton locations will continue to operate under the Thompson Dayton name, with their existing sales and operating teams providing their customers the reliable service and quality products they have been accustomed to for almost 100 years.
Lapham-Hickey Steel is a 4th generation family owned and operated full-line carbon service center that was founded in 1926 and is headquartered in Bedford Park, IL. With 11 total locations throughout the Midwest, East Coast and Southeast, Lapham-Hickey is an industry-leading supplier of slit coil, sheet, plate, bars, tubing and fabricated products.