Metal Exchange Corporation (MEC), headquartered in St. Louis, MO, acquired Medalco Metals Inc., a U.S.-based distributor of light gauge aluminum rolled products. Medalco will operate as a division of MEC.
“Medalco’s specialty products and unwavering commitment to customer service align with Metal Exchange’s business model and growth strategy,” said Vijay Natarajan, executive vice president of MEC’s Trading Division. “This bolt-on acquisition expands Metal Exchange’s footprint while providing further value for our customers, suppliers, and business partners.”
Formed in 2003, Medalco has successfully positioned itself as a strategic partner serving a diverse customer base in the growing automotive, building and flex, and HVAC markets. The company’s co-owners Dwight Klepacki and Larry Dansky began considering potential buyers for their organization in early 2022.
From the start, Medalco found that it had a strong cultural alignment with MEC — a factor both parties considered key to the success of the acquisition. Specifically, Medalco leaders cited the shared core values, the “Dual Bottom Line” approach — a business practice that balances financial success with the safety, well-being, and fulfillment of its employees. This combined with MECs long-standing, impeccable reputation in the industry was the key driver of the deal. “The company culture and business philosophies at Metal Exchange were a clear fit for us, right from the start,” said Klepacki.
While customers and suppliers will enjoy the expanded access to inventory as a part of the MEC family, the Medalco name, values, and emphasis on strong customer relationships will remain unchanged. “We look forward to not only maintaining, but enhancing relationships with our customers and suppliers,” noted Dansky.
Rick Merluzzi, CEO of MEC, added, “Given our strong people-oriented culture, the scale and scope of our business and long-term commitment to our industry, we are a great landing spot for companies like Medalco to transition their company. We are very excited to add Medalco to the Metal Exchange family.”