AG Steel Acquires Controlling Equity Position in SET Enterprises

Victor Edozien announced today that AG-Steel, LLC has acquired majority ownership of SET Enterprises. Concurrent with this acquisition, Edozien, the owner of AG Steel, Inc., has been named as the new president and chief executive officer of Warren, Michigan based SET Enterprises. Founded in 1989, SET Enterprises is a steel processing company that in recent years has expanded its business lines into the duct manufacturing and construction sectors. In 2012, the company reported revenues of more than $350 million.