What is Pattern Metals?
Founded in 1982 and based in Cleveland, Ohio, Pattern Metals is a comprehensive provider of steel products and processing services. The company offers an extensive catalog of steel items, including structural steel angles, channels, beams, and various tubing. Complementing its product sales, Pattern Metals delivers crucial processing services such as saw cutting, plate shearing, plasma cutting, and fabrication. Operating from a 40,000-square-foot facility equipped with advanced machinery, the company is adept at managing large-scale projects and ensuring efficient, timely delivery to its clientele. Pattern Metals strives to be a dependable steel supplier and fabricating partner, fostering both immediate business relationships and enduring client partnerships.
How much funding has Pattern Metals raised?
Pattern Metals has raised a total of $362K across 2 funding rounds:
Debt
$150K
Debt
$212K
Debt (2020): $150K with participation from PPP
Debt (2021): $212K led by PPP
What's next for Pattern Metals?
The recent strategic investment in Pattern Metals, within the context of large-scale late-stage funding, suggests the company is poised for significant scaling and market penetration. This capital infusion is likely earmarked for enhancing processing capabilities, expanding operational capacity, and potentially broadening its service area or product lines. The company's focus on reliability and comprehensive service positions it well to leverage this financing for continued growth and to solidify its standing as a key player in the industrial steel market.
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