23 Jun

Posted at 10:54h in News Articles, News Articles Current
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June 23, 2011, Sewickley Herald (yoursewickley.com) Grammy Award-winning artist Peter Frampton will perform a concert benefiting local charities and honoring a Sewickley couple Sunday at Stage AE adjacent to Heinz Field. Esmark Inc. is hosting the special evening honoring founder and CEO Jim Bouchard to benefit Quaker Valley Recreation Association; the City of Champions for Haiti Relief Effort; and the Imani Christian Academy. Doors open at 4 p.m. An opening concert by Bon Journey, a Bon Jovi and Journey tribute band, begins at 5 p.m. Frampton will take to the stage at 7 p.m. Food, refreshments and games will be featured at the family...

20 Oct

Posted at 10:58h in News Articles, News Articles Current
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October 20, 2010, Pittsburgh Tribune-Review, By Joe Napsha A Sewickley-based businessman who amassed a steel industry empire that included 10 service centers and the former Wheeling-Pittsburgh Steel Co. before selling it two years ago, is again rebuilding his steel industry holdings. James P. Bouchard’s Esmark Steel Group in Chicago this week announced it acquired the assets of Kelco Metals Inc., a steel service center in Schaumburg, Ill., for more than $9 million. The company, with plants in Illinois and South Carolina, has annual revenue of $45 million. “The valuations are pretty strong,” CEO Bouchard said of the deal to expand his new...

13 Jun

Posted at 11:03h in News Articles, News Articles Current
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Back to the Future for Brothers June 13, 2010, SouthtownStar, BY MIKE NOLAN In full-page newspaper ads for GE Capital, brothers James and Craig Bouchard are seen standing inside the cavernous Sun Steel plant in Chicago Heights. The picture is actually a bit dated - taken a few years ago when the brothers first owned the steel processing center - but it has new relevance. Photo: Tom Modrowski, CEO of Esmark Steel Group, says the company expects steel demand to increase as the economy improves. (Larry Ruehl/SouthtownStar) The Bouchards last month bought back Sun and another Chicago Heights steel plant, Century, from Russia’s OAO Severstal, betting...

08 Jun

Posted at 11:05h in News Articles, News Articles Current
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Ready to pounce. Esmark chief executive Tom Modrowski is still ready to “pick off” acquisitions even after buying a string of smaller rivals to reach its goal of notching up some $250 million in revenue. June 8, 2010, Daily AMM, By Corinna Petry Esmark Steel Group plans to be a leading consolidator in the service center industry, despite the current difficulty in evaluating companies post-recession and stiff competition from strategic and financial buyers that also are trying to consolidate, according to Tom Modrowski, the company’s chief executive officer. Now that Esmark has re-acquired Century Steel LLC and Sun Steel Co. LLC, Chicago Heights,...

20 May

Posted at 11:07h in News Articles, News Articles Current
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May 20, 2010, Bloomberg Businessweek, By Edmond Lococo (Updates with comment from analyst in fourth paragraph.) Esmark Inc., which sold its steel assets to Russia’s OAO Severstal in 2008, repurchased three processing plants that were part of the earlier transaction as Severstal exits that business in the U.S. Esmark acquired Sun Steel and Century Steel, both in Chicago Heights, Illinois, and Independent Steel, which is based in Cleveland, Thomas Modrowski, chief executive officer of closely held Esmark’s steel group, said today in an interview. The plants together employ about 200 and have an annual processing capacity of about 300,000 metric tons of flat-rolled...

25 Jan

Posted at 11:13h in News Articles, News Articles Current
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[button size='small' style='' text='To Haiti Relief Page' icon='' icon_color='' link='/community/haiti-relief/' target='_self' color='' hover_color='' border_color='' hover_border_color='' background_color='' hover_background_color='' font_style='' font_weight='' text_align='left' margin='20px 20px 20px 20px'] January 25, 2010, By Margaret Harding, PITTSBURGH TRIBUNE-REVIEW Jim Bouchard went to Haiti with a plane full of medical supplies and returned this morning with his plane loaded with orphans — 102 of them. Bouchard, of Sewickley, helped organize what might have been the largest non-military shipment of narcotics to Haiti since an earthquake devastated its capital of Port-au-Prince two weeks ago. The plane, which left yesterday, carried about 35,000 pounds of medical supplies — enough pain medication for...

25 Jan

Posted at 11:10h in News Articles, News Articles Current
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[button size='small' style='' text='To Haiti Relief Page' icon='' icon_color='' link='/community/haiti-relief/' target='_self' color='' hover_color='' border_color='' hover_border_color='' background_color='' hover_background_color='' font_style='' font_weight='' text_align='left' margin='20px 20px 20px 20px'] January 25, 2010 By Dennis B. Roddy, Pittsburgh Post-Gazette Pittsburgh Post Gazette Image Photo: Gretchen Herda, a nurse practitioner from Freedom, relaxes in a baggage cart and chats with Sharon Dennison, a nurse from Clarksburg, W.Va. before departing yesterday from Pittsburgh. The women were part of a mercy mission that brought 30,000 pounds of medical equipment and supplies to Haiti. The pair will work at the New Testament Mission in La Croix.   PORT AU PRINCE, Haiti - A 79-member medical team...

05 Jan

Posted at 11:14h in News Articles, News Articles Current
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January 5, 2010, nwitimes.com, By Times Staff A subsidiary of Chicago-based Esmark Inc. completed the purchase of a Pennsylvania-based machining and fabrication firm. Newly formed subsidiary Esmark Industrial Group paid $3.5 million in cash for Excalibur Machine Co. Inc. The firm, founded in 1987, supplies parts, sub-assemblies and materials handling equipment to manufacturers in the transportation, materials handling, heavy construction and power generation industries. Esmark Inc. Chairman James Bouchard said the purchase will save about 50 jobs and provide working capital financing to grow the business. David Luptak, co-chief executive officer of Esmark, will be president and chief executive officer of Esmark Industrial Group. Esmark’s...

04 Jan

Posted at 11:16h in News Articles, News Articles Current
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January 4, 2010, Crain’s, By John Pletz Jim Bouchard is hopping back on the steel roller-coaster. Last time around, Mr. Bouchard gathered up a collection of steel distributors and a struggling mill under the Esmark Inc. banner and sold them to Russia’s OAO Severstal for $1.2 billion at the industry’s peak in August 2008. Now, he and a group of investors that includes his brother Craig are looking to buy back the same businesses from Severstal at a steep discount. Photo: Esmark Chairman Jim Bouchard | AP photo “I think we can do exactly what we did before: buy low, be with the curve...

30 Dec

Posted at 11:19h in News Articles, News Articles 2004 to 2009
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December 30, 2009, American Metal Market, By Corinna Petry Esmark Industrial Group, a newly formed subsidiary of Esmark Inc., has acquired the assets of Excalibur Machine Co. Inc. for $3.5 million. Meadville, Pa.-based Excalibur is a precision machining and fabrication firm that supplies parts, subassemblies and material handling equipment to original equipment manufacturers (OEMs) in the transportation, material handling, heavy construction and power generation industries. The acquisition will save about 50 jobs, including senior management, and provide working capital financing to grow the business and increase employment opportunities in the Meadville area, said James P. Bouchard, chairman of Chicago-based Esmark Inc. Esmark’s purchase prevents...