Precision Strip, Inc. was founded in 1977 by Jack Eiting, Marie Eiting, Tom Wente, Don Craft and Joan Eilerman. Our original operations included a used slitting line located in a 15,500 sq. ft. building in Minster, Ohio. Our founders' original intent was to remain a small company that serviced its customers well, and our “old-timers” often comment that there were never going to be more than nine associates. However, the exceptional customer service and commitment to providing a quality product by our early associates led to an ever increasing demand for our services, and the company quickly began a growth pattern that has never stopped.
Over the years we have earned a reputation for being the world’s premier toll processor. We provide the most diverse array of services in the industry, continually advance technologically, and make a commitment to partnering with our customer for our mutual success. The long tenure of our associates, as well as the lengthy customer relationships we have established, speak to the company’s values and our commitment to people.
Today we have grown to over 1,000 associates at 11 locations. Our facilities include more than 2.5 million square feet of building space, 27 slitting lines, nine cut-to-length lines, a blanking line, a perforating line, four oscillate slitting lines, and a gang slitter. We also operate a fleet of more than 200 tractor-trailers units. Over the years we have broken ground 37 times for new buildings or expansions to our current facilities. One of the founders of the company, Tom Wente, continues to be actively involved in our operations.
A chronology of our growth is shown here:
Click on years for details.
- Our first asset was a used slitting line that was renovated and refurbished. Because of the features of this line, we established a niche in slitting light gauge aluminum that remains today.
- In 1978 we began building our own transportation service by hiring our first driver and leasing a tractor-trailer unit.
- Demand for our services resulted in a 40,000 sq. ft. building expansion and the addition of our second and third slitting lines. The decision to build the third line from scratch was the inception of our engineering group, which continues to be a key contributor to the technological advances which have contributed significantly to our success.
- In 1986, we began construction of an 84,000 sq. ft. building across the street from the original plant, which was the beginning of Plant II. Soon thereafter, a fourth and fifth slitting line were installed in this building.
- In 1989, we began operations in Kenton, Ohio. This facility included 112,000 sq. ft. and a slitting line.
- The purchase of an IBM Tower 36 computer for in-house data management was the beginning of our Information Technology department.
- Our first cut-to-length line was added to our Kenton operation in 1990. Another 78,000 sq. ft. of building space followed, along with a second slitting line.
- Two slitting lines were added to the Minster operation, as well as a 132,000 sq. ft. building expansion.
- We began operations of our third facility in Bowling Green, Kentucky with one slitting line in an 85,000 sq. ft. facility. This operation was soon expanded by 154,000 sq. ft., a second slitting line, and a cut-to-length line.
- The Kenton operation was expanded by 191,000 sq. ft., along with a third slitting line and a second cut-to-length line.
- Our fourth facility in Middletown, Ohio, became operational in 1997. This was our largest facility to date with 351,000-sq. ft. of building space housing an ASRS (Automated Storage and Retrieval System) and two slitting lines. Later expansions included a 69,000 sq. ft. of building space, a third slitting line, and a CoilMaster packaging system.
- In 1999, we began operations of our fifth facility in Rockport, Indiana in a 55,000 sq. ft. building with one slitting line. This facility is adjacent to AK Steel\'s operation and is dedicated to AK Steel.
- In 2000, we completed our first acquisition with the purchase of two plants in Anderson, Indiana and Tipp City, Ohio from Nova Steel.
- The Tipp City plant included 140,000 sq. ft. of building space, a slitting line, a cut-to-length line, and a gang slitter. 140,000 sq. ft. was soon added to this building, along with an oscillate slitting line. Later, a perforating line and a second oscillate slitting line were installed.
- The Anderson plant included 80,000 sq. ft. of building space and a slitting line. 71,000 sq. ft. was added to the building.
- Middletown was expanded by 35,000 sq. ft. to allow for more coil storage.
- We began operations of our eighth facility in Talladega, Alabama in 2002. This included 120,000 sq. ft. of building space, a slitting line, and our first automotive blanking line. Later expansions included a cut-to-length line and 62,500 sq. ft. of building space.
- In 2002, we installed the world\'s first automated shape correction leveler at our Bowling Green plant.
- A third cut-to-length line was added at Kenton.
- In 2003, the company was sold by the Eitings to Reliance Steel & Aluminum Co. based out of Los Angeles, California.
- An oscillate winding line with skiving was added to the Minster operation.
- In Talladega, a second slitting line was installed, along with an 88,000 sq. ft. building expansion.
- 170,000 sq. ft. was added to the Kenton building, which included additional space for coil storage as well as a truck maintenance facility.
- In 2006, Precision Strip acquired the assets of Flat Rock Metal Processing LLC. We currently operate the Portage, Indiana facility (one slitting line in 14,000 sq. ft.) as well as the Perrysburg, Ohio facility, which included two slitting lines and a cut-to-length line in 290,000 sq. ft. A second cut-to-length line was installed in this facility, which includes an Airam press for blanking aluminum sheets.
- A 48,000 sq. ft. warehouse expansion was added to the Kenton plant for coil storage.
- A third oscillate slitting line was added at Tipp City.
- A heavy gauge cut-to-length line was installed in Bowling Green, and 52,000 sq. ft. was added to the building.
- A cut-to-length line was installed in Anderson.
- In 2011, Talladega added a third slitting line along with a 59,000 sq. ft. building expansion.
- A truck shop was added to the Talladega operation along with renovated office space.
- In 2012, Precision Strip acquired the assets of Worthington Steel, Vonore, Tennessee Plant. This operation includes 100,000 sq. ft. and two slitting lines.
- In 2013, a second slitting line was installed in Anderson, along with a 72,500 sq. ft. building expansion.