13 Oct

Posted at 10:06h in News Articles, News Articles Current
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October 13, 2012, By Len Boselovic / Pittsburgh Post-Gazette The former operator of Wheeling-Pittsburgh Steel has acquired the defunct steel maker’s Yorkville, Ohio, plant and a 50 percent stake in a related joint venture for $6.3 million. Sewickley-based Esmark said it plans to restart the Yorkville plant in January and hire about 160 workers who will be covered by a four-year contract that has been negotiated with the United Steelworkers union. Esmark will invest more than $15 million to purchase steel sheet and other supplies necessary to restart the mill, which will be known as Ohio Cold Rolling. The acquisition was completed Thursday. Yorkville...

13 Oct

Posted at 10:02h in News Articles, News Articles Current
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October 13, 2012, By LINDA HARRIS - Staff writer, The Herald-Star Post-Press Conference Special Edition YORKVILLE - Ohio Gov. John Kasich hinted Friday that Esmark Steel’s plans to reopen an idled cold-rolling mill in Yorkville could be just the tip of the iceberg. Esmark Chairman and CEO Jim Bouchard said the Kasich administration was instrumental in closing the $6.5 million deal for the Yorkville mill, working with his company and the US Environmental Protection Agency to develop a remediation plan that addresses unresolved chemical spills that former owner RG Steel neglected to correct two years ago. In addition to the Yorkville mill, which will...

12 Oct

Posted at 10:10h in News Articles, News Articles Current
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October 12, 2012, American Metal Market NEW YORK — Esmark Steel Group LLC expects to shave $10 million per year off operating costs at its newly acquired Yorkville, Ohio, cold-rolling facility “starting day one,” keeping the mill competitive even in today’s challenging market environment, according to James P. Bouchard, chairman and chief executive officer of parent company Esmark Inc. “You’re going to get all these naysayers out there because of the steel market, but we’ve restructured the company,” Bouchard said of Esmark’s plans for the operation. “It’s a different game today.” Sewickley, Pa.-based Esmark, which on Thursday closed into escrow on its purchase...

12 Oct

Posted at 10:08h in News Articles, News Articles Current
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Yorkville Times-Leader and Times Leader Publications The following Times-Leader print and online publications across Ohio and West Virginia ran pre- and post-press conference articles: Yorkville Times Leader-Martins Ferry Times Leader -Weirton Daily Times-Wheeling News Intelligencer-Wheeling News Register-Ohio Valley News and State Journal of Ohio October 12, 2012, By KIM LOCCISANO - Staff Writer , Times Leader YORKVILLE - Big changes in ownership and in name are in store for the steel mills in the Village of Yorkville beginning today, thanks to a combination of resources involving two corporations. The former RG Steel Yorkville LLC, will now be majority owned and operated by Esmark Steel...

12 Oct

Posted at 10:07h in News Articles, News Articles Current
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October 12, 2012, Pittsburgh Tribune-Review, By Sam Spatter Esmark Inc. has purchased an idled steel finishing mill in Yorkville, Ohio, and a 50 percent interest in a tin plate production plant for a combined $6.25 million from bankrupt RG Steel LLC. The Sewickley-based company plans to spend about $15 million to restart the steel plant in January and bring back about 160 employees represented by the United Steelworkers, said James P. Bouchard, Esmark president and founder. The Yorkville cold-rolled steel plant that originally was part of Wheeling Pittsburgh Steel Corp. will be renamed Ohio Cold Rolling Co. and will be majority owned and...

11 Oct

Posted at 10:12h in Press Releases, Press Releases Current
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Acquisitions of Yorkville and Ohio Coatings Facilities to Accomplish Esmark’s $1 Billion Revenue Goal for 2013 Esmark To Invest More Than $15 Million In Working Capital To Restart Yorkville Facility In January 2013 Yorkville Plant to Be Renamed Ohio Cold Rolling Company; Senior Leadership for Yorkville Plant and Ohio Coatings Company Named PITTSBURGH, October 11, 2012 – Esmark Inc. and its wholly owned steel services subsidiary, Esmark Steel Group, today announced that the company has completed the transaction for RG Steel LLC’s Yorkville, Ohio cold-rolled finishing mill and RG Steel’s 50 percent interest in Ohio Coatings Company’s tin plate production facility. Esmark expects the...