21 Jan Stahlschmidt Incorporated and Bouchard Group, L.L.C. Announce Acquisition of Esmark Technologies
PITTSBURGH and CLEVELAND, January 21, 2013 – Esmark Inc. (“Esmark”), Stahlschmidt Incorporated (“Stahlschmidt”) and Bouchard Group, L.L.C. (“Bouchard Group”) today jointly announced that they have consummated a sale and licensing agreement whereby Stahlschmidt and Bouchard Group have jointly acquired Esmark Technologies from Esmark Inc. for an undisclosed sum. The venture will be operated as a vertically integrated industrial services company, and will continue to operate under the “Esmark Technologies” brand. Stahlschmidt will own 60% of the venture and manage operations. Esmark Technologies was originally formed to provide technical and management services and commercial support across specific market segments including the steel,...