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Spartanburg Steel Products
Work Here?
Metal stampings and welded sub-assemblies supplier
Spartanburg Steel Products
Work Here?
Metal stampings and welded sub-assemblies supplier
Overview
Spartanburg Steel Products is a supplier of metal stampings and welded sub-assemblies for automotive, lawn & garden, agricultural, and construction equipment OEMs in North America. Its products start as metal blanks formed by stamping presses ranging from 200 to 2000 metric tons, and can be produced on transfer, tandem, and progressive production lines, with finished parts assembled into welded sub-assemblies when needed. The company differentiates itself through a motivated, experienced team and a strong quality and delivery track record, backed by IATF 16949:2016 and ISO 14001-2015 certifications. Its goal is to reliably provide high-quality, on-time components to OEMs, continuously improving processes to meet customer needs and industry standards.
About Spartanburg Steel Products
Industries
Automotive & Transportation
Industrial & Manufacturing
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
Tredyffrin Township, Pennsylvania
Founded
1962
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Simplify's Take
What believers are saying
- June 3, 2026 CIBC financing funds working capital, equipment, and expansion.
- Open 2026 hiring for quality, MES, and production roles shows active operational demand.
- North American OEM exposure benefits from reshoring, domestic sourcing, and shorter supply chains.
What critics are saying
- June 3, 2026 CIBC refinancing signals prior leverage pressure and tighter lender scrutiny.
- Automotive OEM concentration leaves Spartanburg Steel exposed to platform losses and supplier consolidation.
- A major customer exit or plant quality failure could cripple volumes and trigger layoffs.
What makes Spartanburg Steel Products unique
- Founded 1962, Spartanburg Steel combines stamping, welding, painting, plating, and assemblies.
- Its 575,000-square-foot Spartanburg plant serves automotive, agriculture, and heavy-equipment OEMs.
- Quality roles demand IATF, ISO, and APQP discipline, signaling customer-grade manufacturing depth.
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Growth & Insights and Company News
6 month growth
↑ 6%1 year growth
↑ 6%2 year growth
↑ 6%CIBC Bank USA Asset Based Lending has closed a senior credit facility for Spartanburg Steel Products, Inc., a South Carolina-based manufacturer of metal stampings, assemblies and body modules for automotive, agriculture and heavy equipment industries. The facility includes a revolving line of credit, a real estate-secured term loan and an equipment acquisition line. Proceeds will refinance existing debt and support working capital and growth initiatives. CIBC's US asset-based lending team provides financing solutions ranging from $10 million to $75 million for middle-market companies and private equity partners, supporting acquisitions, recapitalisations, refinances and turnarounds. Regional Originations Manager Ron Kerdasha said the tailored financing aligns with Spartanburg Steel's strategic objectives and long-term growth ambitions.
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About Spartanburg Steel Products
Industries
Automotive & Transportation
Industrial & Manufacturing
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
Tredyffrin Township, Pennsylvania
Founded
1962
Spartanburg Steel Products is Hiring for 1 Jobs on Simplify!
Find jobs on Simplify and start your career today