Phillips Manufacturing Co. Acquired Steel Drum Industries

Online, May 31, 2012 (Newswire.com) - Phillips Manufacturing Co. recently acquired the assets of Steel Drum Industries, LLC, located in Tampa, Florida. Steel Drum has fabricated corner bead and trim products for drywall corner finishing since 2003. Established in 1955, Phillips is a national single source manufacturer for all drywall finishing beads and trims, channels and framing components, as well as stucco accessories and roofing metals.

Phillips Manufacturing has been servicing customers in the Florida area for many years. This strategic acquisition will help grow that business by improving the company's service model in the Southeastern United States. Phillips Manufacturing will expand and enhance the product offering in the Tampa facility, located at 5820 West Linebaugh Avenue.

Phillips Manufacturing's growth through expansion started in 1998 with the company's acquisition of the National Gypsum Metals Plant in Niles, Ohio. Expansion continued with the opening of a distribution warehouse in Phoenix, Arizona, in 2004. In 2010, Phillips acquired Pla-Cor's® corner and transition cap assets. Phillips has also pursued growth opportunities through product diversification.

Phillips stands above the competition as specialists in beads, trims and accessories focusing on continual quality improvements and innovations providing the highest quality products. Phillips is a privately owned and operated company proudly serving the entire nation with its extensive product lines through its many distribution channels. Phillips stands behind its product quality 100%. Their material and fabrication standards are the highest in the industry. Phillips products are manufactured by an organization devoted to customer satisfaction. Phillips products are manufactured by the most highly developed processes available, using in-house expertise as our most valuable resource.

For additional information regarding this acquisition or product information, call 800.822.5055 to speak to a Phillips representative or visit PHILLIPSmfg.com.