Lexicon Fabricators and Constructors has recently acquired a Louisiana-based fabrication company.
The Little Rock company announced that it has purchased Steel Fabricators of Monroe, La., adding approximately 130 employees to its payroll. These employees will join Lexicon’s Prospect Steel and Custom Metals division, which are both American Institute of Steel Construction (AISC) certified.
“For more than 50 years, we’ve ‘Defined Excellence’ by investing in our most valuable assets—our people,” Lexicon president and CEO Patrick Schueck said in a statement. “We look forward to welcoming Steel Fabricators of Monroe to the Lexicon family, where we will lead the industry with the highest-quality services and the latest technologies.”
Steel Fabricators, established in 1973, is an AISC-certified fabricator that operates on a 20-acre site in Monroe. Its facility has approximately 160,000 square-feet of fabrication space, along with warehouse, training and maintenance facilities.
“When considering this transition, we aimed to find a firm that could offer our employees opportunities for continued growth,” John Hunter, co-founder and president of Steel Fabricators of Monroe, said. “With its similar corporate culture and unwavering commitment to investing in ‘People, Quality and Safety,’ we are confident Lexicon is the best fit for our company and team.”
In addition to Steel Fabricators of Monroe, Lexicon also operates Lexicon Industrial Constructors, Prospect Steel and Custom Metals, Heritage Links and Lexicon Energy Services.
“Prospect Steel has been proud to help design and fabricate some of our country’s most iconic buildings and structures,” said Steve Grandfield, president of Lexicon’s fabrication divisions. “Bringing the Steel Fabricators of Monroe team on board will allow us to further boost our structural fabrication capacity, so we can continue building America.”
Top photo of Patrick Schueck