MLP Steel, LLC d.b.a. Marwas Steel Company is one of the area’s leading manufacturers and fabricators of specialty steel wire and rod products for use in a variety of end markets such as industrial construction, roads & infrastructure, mining, transportation, automotive, aviation, and consumer products. Marwas operates two distinct divisions: Fayette Steel Company, which manufactures various types of cold drawn rod (i.e. “heavy wire”) in round, hexagon, square, and flat configurations from wire stock, and Laurel Steel Products Company, which manufactures various types of standard and specialty grating, such as heavy duty steel bar grating used in a variety of industrial applications, walkway grating, and roadway inlet frames and grates. F.N.B. Capital provided capital financing for the purchase of Marwas Steel Company of Scottdale, PA by MLP Steel, LLC. The purchase was led by James Philipkosky of MLP Capital Partners, LLC. The Company will remain local and will continue to be led by C.E.O. and local steel company veteran Jeff Pfeifer. Fayette Steel employs 34 at its Scottdale, PA location, while Laurel Steel, located in Everson, PA employs 38. Additional information can be obtained by visiting the Company’s website at www.marwas.com. Read more about this transaction.
F.N.B. Capital Corporation successfully exited the partnership with MLP Steel in May 2011 as part of a refinancing.