16 Nov Amtex Buy has Esmark Cutting Rug to Old Tune
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...