Metal Processing Corporation

What Metal Processing Corporation does

Metal Processing Corporation (MPC) is a privately held, Gary, Indiana-based toll processor founded in 1994 that provides metal coil processing, climate-controlled warehousing, and logistics services to industrial manufacturers, steel service centers, and select OEMs. The company processes carbon steel, stainless steel, and aluminum using four slitter lines (up to 84 inches, 100,000 lb coils, and 0.625-inch gauge capacity) and three cut-to-length lines, with on-site Rockwell testing and spray oiling capabilities. Its 400,000 sq. ft. climate-controlled warehouse is supported by 11 cranes (20-50 ton capacity), 13 shipping docks, 2 receiving lanes, and a private trucking fleet with direct rail access via Norfolk Southern and Canadian National, and proprietary Stelplan software plus barcode-based inventory tracking integrates processing, storage, and transportation.

MPC's business model is built on transaction and usage-based fees: per-tonnage toll processing charges for slitting and cut-to-length work, usage-based storage fees for warehoused material, and transactional logistics revenue from its own fleet and rail coordination. Go-to-market is enterprise field sales driven by relationship-based selling, with quote-based (RFQ) pricing, Net 10 credit terms, and multi-year service relationships. The company is ISO 9001:2015 certified (upgraded from ISO 9001:2000 in 2017) and emphasizes a structural policy of never selling metal, eliminating channel conflict with its processing customers. Customer concentration is undisclosed but described as spanning both large and small organizations across multiple industries, with leadership under President and CEO Dave Ackerman and CFO Mike Barkus and an experienced management team averaging 20 years in the steel industry.

Name

Metal Processing Corporation

Legal name

Metal Processing Corporation

Website

https://metalprocessingcorp.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

101–250 employees

Short description

Metal Processing Corporation is a Gary, Indiana-based toll processor founded in 1994 that provides slitting, cut-to-length processing, climate-controlled warehousing, and logistics to industrial manufacturers, steel service centers, and OEMs processing carbon steel, stainless steel, and aluminum coils.

Ownership category

akta.pro rank

Product category

Metal Toll Processing Services

SIC

Sheet Metal Work (3444), Wholesale-Metals Service Centers & Offices (5051)

akta.pro primary industry

Steel Service Centers & Processing (Slitting, Cut-to-Length, Blanking, Leveling) (IMAKABAL)

akta.pro secondary industry

Metal Forming & Fabrication Machines (Presses, Bending, Shearing, Stamping) (IMAHADAC)

Keywords

• Toll metal processing
• Coil slitting services
• Cut-to-length processing
• Metal warehousing storage
• Steel logistics transportation

Headquarters

HQ city

Gary

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Toll Processing Services: Metal processing fees charged for slitting and cut-to-length services. Customers provide material which MPC processes to specification. Pricing based on tonnage, coil dimensions, and processing complexity.
2. Climate-Controlled Warehousing: Storage fees for 400,000 sq. ft. of temperature-controlled warehouse space. Charges based on tonnage stored and duration of storage.
3. Logistics and Transportation: Trucking and transportation services using company fleet. Rail access services. Revenue from pickup and delivery of customer materials.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Metal Processing Corporation provides toll metal processing services for carbon steel, stainless steel, and aluminum coils, including high-volume slitting (four slitters ranging from 60H to 84 inches) and cut-to-length processing across multiple lines. These core processing services are bundled with 400,000 sq. ft. of climate-controlled warehousing, barcode-based inventory tracking, and integrated logistics via a private trucking fleet and direct rail access for industrial customers across North America.

Product overview

Metal Processing Corporation offers a unified toll processing service platform centered on slitting, cut-to-length, warehousing, and logistics. The company operates four slitter lines and three cut-to-length lines for processing carbon, stainless steel, and aluminum coils. These core processing services are integrated with 400,000 sq. ft. climate-controlled warehousing and a private fleet of trucks with rail access, providing customers with one-stop processing, storage, and transportation solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Slitting Services Toll slitting of carbon, stainless steel, and aluminum coils for service centers, mills, and OEMs across four slitter lines ranging from 60 to 84 inches, with a maximum coil weight of 100,000 lbs and thickness capacity up to 0.625 inches. Customers supply material and MPC returns slit coils to specification, with integrated spray oiling and inspection.
• Cut-to-Length Services Toll cut-to-length processing on three lines (CTL, blanking, and stretcher-line) accommodating widths from 15" to 75", lengths from 24" to 241", and gauges from .016" to .500", with exit lift weights up to 20,000 lbs. Designed for service centers, mills, and OEMs needing blanks or sheets slit to spec from carbon steel, stainless steel, and aluminum coils.
• Climate-Controlled Warehousing Climate-controlled warehouse storage of 400,000 sq. ft. with monitored heating and cooling, industrial air-circulation fans, barcode inventory tracking, and 11 cranes (20-50 tons), plus 13 shipping docks and 2 receiving lanes. Available to customers as a bundled storage service alongside toll processing.
• Logistics Services Trucking and rail logistics services for pickup and delivery of customer coils, leveraging MPC's private fleet of trucks and direct rail service on Norfolk Southern and Canadian National lines. Includes logistics coordination for material movement throughout North America from the Gary, Indiana facility.
• Additional Processing Services Supplemental processing offerings including on-site Rockwell hardness testing for material verification, rail and export shipment repackaging, product inspection, and short-term storage for coils and skids, available to toll processing customers as add-on capabilities.

Quantifiable outcome

• Managers average 20 years in the industry
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators6 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Mill Steel Company: Privately held flat-rolled steel service center providing slitting, cut-to-length, blanking, and warehousing across multiple US locations. Directly comparable service offering, including toll processing of carbon and stainless steel coils.
• Heidtman Steel Products: Privately held flat-rolled steel processor operating multiple Midwest facilities offering slitting, cut-to-length, and blanking. Closely comparable to MPC in service mix, geography, and target customer segments.
• Ryerson Inc. Publicly traded North American metals service center offering slitting, cut-to-length, blanking, and value-added processing of carbon, stainless, and aluminum. Strongly comparable to MPC in product mix and customer base, and a direct Midwest competitor (historically source of MPC's senior hires).
• Olympic Steel: Publicly traded flat-rolled steel service center with processing capabilities including slitting, cut-to-length, and warehousing. Operates multiple service centers across the US, directly comparable to MPC's service offering and customer verticals.
• National Material Company: Privately held steel processor and service center with slitting, cut-to-length, and stamping capabilities serving automotive, appliance, and industrial markets. Comparable in service mix and target customer verticals to MPC.
• EMJ Metals: Privately held metals service center distributing and processing carbon steel, stainless, and aluminum products including slitting and cut-to-length services. Comparable to MPC in service offering and customer base.
• Kloeckner Metals: Digital-first metals service center operating slitting, cut-to-length, and plate processing facilities across the US. Comparable to MPC in core processing services, with a more developed digital/e-commerce platform.

Broad incumbents

• Reliance Steel & Aluminum: Largest North American metals service center operator with a network of 300+ facilities, providing processing services including slitting, cut-to-length, and warehousing. Overlaps with MPC on toll processing but serves a far broader product and geographic footprint.
• Worthington Industries: Diversified steel processor with significant toll processing and flat-rolled service center operations. Broader product portfolio than MPC, but directly comparable in slitting, cut-to-length, and storage offerings to industrial customers.

Regional players

• Flat Rock Metal Processing: Regional flat-rolled steel service center offering slitting and cut-to-length processing in the US Midwest. Comparable in core service line to MPC but smaller scale and narrower geographic footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/metal-processing-corp.

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Metal Processing Corporation