LT Corporation (LT Corp.) of Cleveland, MS, the parent company of Quality Steel Corporation (Quality Steel or QSC), a manufacturer and industry leader in value-added services to its customers, announced the acquisition of substantially all of the assets of LP Cylinder Service, Inc. (LP Cylinder).
LP Cylinder, founded in 1984 and operating with two facilities in Shohola, PA, is recognized as one of the nation’s leaders in the propane tank refurbishing industry. The acquisition gives LT Corp. the opportunity to continue its expansion of product lines and service capabilities to the industry.
Chairman of the Board of LT Corp., Jim Tims, said, “Our companies have grown by setting the industry standards for quality and customer service. We are excited about the many new relationships we will be developing within the propane gas industry.”
Sean Wessel, President & CEO of Quality Steel, stated, “We are looking forward to joining forces with the LP Cylinder family to offer our customers extended product lines and additional services while continuing our focus of being a full-service tank provider. With the addition of LP Cylinder’s two facilities in Pennsylvania, LT Corp. and Quality Steel will be able to expand our presence in the Northeastern United States and parts of Eastern Canada.”
QSC’s VP of Sales and Marketing, Lynn Hardin, added, “This acquisition will expand our product offerings as well as provide an opportunity to improve upon our delivery model. We look forward to maximizing the synergies that exist between our companies to provide the customer with the best experience possible. We know the QSC customer base will welcome the services offered by LP Cylinder.”
Maurice Ryman, President of LP Cylinder, said, “We are thrilled to be joining the Quality Steel family and look forward to leveraging the collective knowledge and resources of our teams as we continue to offer top quality solutions and service to our customers. Our companies share the same values and dedication to our employees and customers, and we are excited to grow this industry leading business together.”
Chris Ryman, VP of Operations, added, “We are all excited about the acquisition and the opportunities it brings to our employees and our customers.”
With this purchase, LT Corp continues its mission of being the premier ASME tank manufacturer in the U.S. by offering high quality tanks and tank solutions with exceptional customer service.
Quality Steel Corp, founded in 1957 in the Mississippi Delta, manufactures pressure vessels for residential, commercial, small industrial and agricultural use. Quality Steel currently has locations in Cleveland, Mississippi; Fremont, Ohio; and West Jordan, Utah. Quality Steel is a subsidiary of LT Corporation.
LP Cylinder Service, Inc., founded in 1984, is the leading refurbisher of propane tanks and cylinders for propane marketers and operates two facilities in Shohola, PA. More information on LP Cylinder can be found at www.lpcylinder.com.