Slater Steel signed a letter of intent for the sale of Hamilton
According to the recent statement released from Canadian steel producer Slater Steel, the company signed a letter of intent with Delaware Street Capital to sell all assets of its division Hamilton Specialty Bar. Slater Steel expects the transaction to be completed by the end of March however, the acquisition is subject to agreement of both sides at all terms and the approval of the court. As previously reported by SteelOrbis, Slater Steel had to sell off its divisions, such as Lemont, Fort Wayne Specialty Alloys and Sorel Forge.