Keystone acquires CaluMetals' operating assets

Keystone Consolidated Industries, Inc. announced Monday that it has purchased all of the operating assets of CaluMetals. Keystone also increased the total committed credit facility amount from $80 million to $100 million to finance the CaluMetals acquisition. Keystone's Peoria, Illinois facility expects to provide the majority of the billet requirements of the acquired operations. The acquisition of CaluMetals allows Keystone to convert more of its current billet production into higher-margin products and develop its vertical integration strategy. This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Keystone believes the expectations reflected in the forward-looking statements are reasonable, however, it does not know if these expectations will be correct. There are substantial risks and uncertainties that could impact on Keystone's expected results. Chicago Heights, Illinois-based CaluMetals is a manufacturer of merchant and special bar quality products and special sections in carbon and alloy steel grades. CaluMetals' products are primarily angles, flats, channels, rounds and squares. Keystone Consolidated Industries, Inc., headquartered in Dallas, Texas, is a manufacturer and distributor of fabricated wire products, welded wire reinforcement, industrial wire, coiled rebar and wire rod.