Esmark buys Miami Valley Steel

Tuesday, 17 May 2005 22:37:20 (GMT+3)   |  

Esmark buys Miami Valley Steel

Esmark got out their checkbook Tuesday, May 17, and bought Ohio-based Miami Valley Steel for $81 million. Miami Valley Steel Services is one of the nation’s largest independent distributors of flat rolled steel. Last year it sold about 200’000 tons from its 325’000 square foot Piqua, Ohio processing facility. Esmark CEO, James P. Bouchard pointed out that the acquisition makes Esmark one of the nation’s largest flat-roll buyers with annual purchases of 800’000 tons of cold-roll and coated products. Esmark confirmed that Brian R. Williamson will remain Miami Valley’s president and join the Esmark board of directors. Williamson said, “I’m excited about the future of Miami Valley Steel Services. We joined a world class organization … I look forward to helping Esmark succeed in the next phase of its strategic plan.”

Tags: Coated Flats 

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