Consolidated Mill Supply acquires Miller and Company
Published: 3.09.2021
Consolidated Mill Supply, Inc. (CMS) acquires 100 % of the Chicago based distributor of foundry products Miller and Company, LLC (Miller). The seller is Holta Invest AS, Oslo, Norway. Miller is the leading supplier of several key raw materials to the ferrous foundry industry in North America.
Headquartered in Chicago (USA), Miller employs 49 people, located at three sites. Founded in 1919, Miller represents a long and proud history of serving the North American foundry market and has delivered strong performance and growth for over 100 years.
Miller will operate as a subsidiary of CMS, trading under the Miller brand, with current management, CEO Geir Kvernmo and CFO Dimitra Kotsinonos continuing in their current positions.
For over 20 years, CMS for has serviced the US foundry and steel mill markets predominantly as the largest independent distributor of basic pig iron, while also supplying HBI, alloys, scrap, and steel mill biproducts. The acquisition of Miller adds the pre-eminent US supplier of high purity pig iron, ferroalloys, silicon carbide, briquettes, foundry coke, inoculants and other metallurgical products to the product portfolio and uniquely positions the combined entity to provide products, technical expertise, efficiencies, and solutions to their shared customers.
Mark Kaplan, President of CMS, commented on the announcement: “Miller’s reputation and focus on long term relationships with both customers and suppliers make it a natural fit with CMS’ philosophy. Together, we will continue to focus on servicing both our customers and our suppliers to ensure sustainable, long term, and mutually beneficial relationships.”
“It has been a true pleasure to be the owner of Miller for the last 10 years. The company has shown a solid development under the skilled leadership of Geir Kvernmo and Dimitra Kotsinonos. We are also confident that CMS will be a great owner and that Miller will continue to prosper.”, says Reidar M-K Tveiten, CEO Holta Invest.
For more information, please contact:
Reidar M-K Tveiten, CEO Holta Invest at +47 902 05 519 or e-mail rt@holta.com.