Missouri-based steel producer acquires Alabama company
The deal includes facilities in Fairfield, Tuscaloosa and Illinois.
Ethan Parker 
A major shift is coming to the Alabama steel industry. Bull Moose Tube Co., a Missouri-based steel producer, has announced plans to acquire Hoover-based Hanna Steel Corp. for an undisclosed amount.
A Legacy in Transition
Founded in 1954 by Gen. Walter J. Hanna, the company initially gained prominence by manufacturing road signs for Alabama before expanding into the steel sector. Following the close of the deal, which is expected during the third quarter of this year, Hanna Steel will officially become a division of Bull Moose.
Hanna Steel brings an impressive footprint to the merger, including a coil-coating facility in Fairfield, a tubing operation in Tuscaloosa, additional tubing facilities in Pekin, Illinois, and the Hanna Truck Line (HTL).
Strategic Growth
Bull Moose, established in 1962 and part of the Caparo organization, operates seven U.S. manufacturing facilities serving various sectors from commercial construction to fire protection. John Krupinski, CEO of Bull Moose, noted that the acquisition is a "strong strategic fit" that bolsters the company's long-term growth through complementary assets and experienced leadership.
Jill Cunningham, vice-chair of Hanna Steel, expressed confidence in the move, stating the deal pairs their "legendary commitment to consistency and customer service with Bull Moose’s impressive scale and quality."
The acquisition comes a year after the passing of Pete Hanna, the founder's son and a staple of the company for over six decades, who died last year at the age of 88. Brown Gibbons Lang & Company served as the financial advisor for Bull Moose during the transaction.
