ROCK VALLEY—A longtime family-owned Rock Valley manufacturing firm is selling its parts fabrications assets to two other companies, one of which is based out of state.
According to reports from Metal Center News and FF Journals, metal industry trade publications, Kooima Company is being purchased by Sioux City-based State Steel Supply Co. and Steel and Pipe Companies of Manhattan, KS.
The report notes that Phil Kooima, who started the company in 1988 with his father, John, will continue to provide executive leadership to the firm.
Other senior leaders such as president Greg DeJager, chief financial officer Mike Altena and vice president Jeremy Van Zee will stay on board.
Kooima Company operates a fully integrated, laser-based fabrication job shop that performs services, including laser cutting, computer numerical control machining, CNC press brake work, assembly and logistics.
The Metal Center News report does not state how the purchasers will divide Kooima Company’s assets.
State Steel is a steel wholesaler with six locations in the Upper Midwest, including Spencer and Sioux Falls, SD.
Kansas-based SPS has five American facilities and one in Mexico and has annual sales of $1 billion, according to its websites.
“This new association with SPS and State will allow Kooima to continue our growth, with a primary mission of continuing to serve our customers’ needs for high quality, competitively priced fabrication of flat and tubing products,” Phil Kooima said. “Our customers will see a seamless transition with their same sales contacts and the same commitment to quality products and services they have grown to trust with Kooima Company.”
A previous version of this article mentioned another company started by Phil Kooima that he sold in a separate sale.