FGM + Pacesetter Featured in Modern Metals

Sophistication comes in many forms. One form is to create a well designed and easy-to-use system by which customers can protect their inventory value against price gyrations. Another form is a well-oiled organization that has almost 50 years’ experience managing its customers’ needs by deploying physical assets.

ModernMetals takes a look at Flack Global Metal’s recent acquistion of a majority ownership in Pacesetter Steel Service and what it means for both organizations moving forward.

“A distributor cannot control price risk without hedging,” says Jeremy Flack. “This investment creates an ability to roll out different models for pricing to Pacesetter customers. We had to invest in hard assets in order to express our philosophy of hedging. We had to pivot and invest in the physical side” in order to truly grow, he explains.