17 Sep Esmark Acquires Assets of Former Pittsburgh Annealing Box
September 17, 2014, Pittsburgh Business Times
By Paul J. Gough, Digital Producer
Esmark Industrial Group has acquired the former Pittsburgh Annealing Box Inc. in Vanport.
Terms of the deal weren’t disclosed, but a news release from Pittsburgh-based Esmark Industrial Group, a division of Esmark Inc., said it was in the multimillion-dollar range. The company, which has 65,000 square feet of manufacturing and had been known as KMA Manufacturing since 2003, will now be known as Excalibur Machine & Fabrication — Vanport.
Esmark plans to expand and restore the facilities for maintenance and fabrication for the steel industry as well as the energy, transportation and heavy-equipment industries. Thirty-seven former KMA employees will be working at the Beaver County facility, Esmark said. KMA moved to Vanport in 2006 after receiving a $1 million loan from the Pennsylvania Industrial Development Authority. At the time it had 21 employees and was to create 15 more jobs.
“Combined with our ASME-certified manufacturing facility and 100-ton lifting capacity, the addition of the former Pittsburgh Annealing Box assets will significantly enhance our ability to provide customers with a full range of steel processing, machining, fabricating and assembly services,” said Esmark Industrial Group CEO Dave Luptak in a prepared statement.
Paul J. Gough is digital producer at the Pittsburgh Business Times. Contact him at firstname.lastname@example.org or 412-208-3827. You can also follow him on Twitter.