May 17, 2005, Business Wire CHICAGO--(BUSINESS WIRE)--May 17, 2005--Esmark today announced that it has completed the purchase of Piqua, Ohio-based Miami Valley Steel Services, Inc. for $81 million in cash. ...
March 09, 2005, Crain’s Chicago Business, By Bob Tita Steel service company Esmark Inc. said Wednesday it has acquired St. Louis-based U.S. Metals & Supply Co. for $16 million. U.S. Metals has annual sales of more than $40 million. The company operates two cut-to-length processing lines for cold-rolled and coated steel at a 180, 000-square-foot plant. “U.S. Metals has a solid customer base, diverse product mix and broad geographic coverage that gives us some significant synergies,” said James Bouchard, president of Chicago-based Esmark. U.S. Metals President Richard Killabrew is expected to remain in charge of the St. Louis plant after the sale is completed. Steel...
February 9, 2005, Post-Tribune, By Lisa Shidler, Post-Tribune Staff Writer [caption id="attachment_1066" align="alignright" width="250"] At the beginning of the coating line a roll of steel is moved into place by Gil Peral (lower left) at Electric Coating Technologies. (Brian Pierro/Post-Tribune)[/caption] Jim Bouchard wants to build an empire on steel coils. Bouchard, a former U.S. Steel executive, is following the pattern of turnaround specialist Wilbur Ross by grabbing bankrupt or distressed companies in the Midwest and turning them around for a healthy profit. Bouchard’s ventures are smaller, including an East Chicago plant with 24 employees. But his goals are large — he hopes to create...
January 6, 2005, Post-Tribune (Gary, Ind.), Post-Tribune Staff Report CHICAGO— Esmark Inc., a steel services company that includes Electric Coating Technologies of East Chicago, has completed the purchase of the assets of Century Steel LLC in Chicago Heights, Ill., for $40 million. Century Steel is a flat rolled steel specialist with annual revenues of $130 million. The company sells about 200,000 tons of steel annually made at its 25-acre 300,000-square-foot processing facility. This acquisition comes on the heels of Esmark’s acquisition of Electric Coat Technologies and Sun Steel, also in Chicago Heights, in February 2004. Esmark CEO James P. Bouchard said the addition of...
January 6, 2005, Business Wire WAYNE, Pa.--(BUSINESS WIRE)--Jan. 6, 2005--Triumph Group, Inc. (NYSE:TGI) announced today that it has sold the remaining Metals Group assets of its discontinued operations, TriWestern Metals Company, to Esmark, Inc. in Chicago Heights, Illinois. TriWestern Metals, located in Chicago and Bridgeview, Illinois, develops, produces and markets electro-galvanized and flat rolled products and will be operating as Great Western Steel Company, LLC and ECT Bridgeview, LLC. The sale was completed for cash as of the end of the quarter and will result in an after-tax loss of approximately $6 million, which will be included in the results of discontinued...
February 19, 2004, Post-Tribune, by Michelle L. Quinn, Post-Tribune Correspondent A Chicago steel services company has purchased East Chicago-based Electric Coating Technologies and an Illinois steel company for $20 million in cash. ...
February 18, 2004, Crain’s Chicago Business, by Kelly Quigley ESMARK—a name associated with Donald Kelly’s 1980s-era consumer products conglomerate—is emerging as a newly formed steel services holding company. ...
