FOR IMMEDIATE RELEASE University Park, Illinois-based Service Center To Be Renamed Chicago Steel & Iron And Become A Subsidiary of Esmark Steel Group CHICAGO, IL, November 16, 2009 – Esmark Incorporated today announced that it has re-entered the steel service center and distribution business with the acquisition of University Park, Illinois-based Amtex Steel, Inc., a precision processing and distribution company specializing in flat-rolled and bar products for the light manufacturing and durable goods industries. The $10 million acquisition includes Amtex Steel’s physical plant assets and real estate, as well as its rail line facilities. The company, to be renamed Chicago Steel & Iron,...

Nov 16 2009, Daily AMM, By Corinna Petry CHICAGO -- With its purchase of a service center near Chicago, Esmark Steel Group is looking to repeat the formula that worked so well earlier this decade—acquiring Midwest companies primarily focused on cold-rolled and coated sheet products, according to Thomas Modrowski, the company’s chief executive officer. The division of Chicago’s Esmark Inc. has completed a $10- million acquisition of Amtex Steel Inc., a University Park, Ill.-based processor and distributor of flat-rolled and bar products for the light manufacturing and durable goods industries. Amtex has been renamed Chicago Steel & Iron. Esmark last month signed a letter...

ESMARK AMTEX ACQUISITION MEDIA COVERAGE REPORT November 16, 2009, Bloomberg.com Esmark Inc., which sold its steel assets to Russia’s OAO Severstal last year for about $775 million, has re-entered the metal-distribution business with the purchase of Amtex Steel Inc. for $10 million. Amtex is a processing and distribution company based in University Park, Illinois, that focuses on flat-rolled and bar products used in light manufacturing and durable goods, closely held Esmark said today in an e-mailed statement. Esmark said it will pursue more acquisitions of steel service centers with cash on hand and aims to have $250 million in annual steel revenue by the...