Esmark Industrial Group Acquires Excalibur Machine Company, Inc. Assets
FOR IMMEDIATE RELEASE Esmark Inc.’s $3.5 Million Asset Purchase of Precision Machining, Fabrication Company To Protect Jobs, Build Foundation For Future Growth CHICAGO, IL, December 29, 2009 – Esmark Industrial Group, a newly formed subsidiary of Esmark Incorporated, today announced that it has completed the acquisition of assets of Meadville, Pennsylvania-based Excalibur Machine Company, Inc. for $3.5 million in cash. Excalibur Machine is a precision machining and fabrication firm that supplies parts, sub-assemblies and materials handling equipment to Original Equipment Manufacturers (OEMs) engaged in the transportation, materials handling, heavy construction and power generation industries. In making the announcement, James P. Bouchard, Chairman of Esmark...