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...

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,...

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...

FOR IMMEDIATE RELEASE Esmark, Inc. Subsidiary To Achieve $250 Million Annual Revenue Target By End of 2010 CHICAGO, IL, May 20, 2010 – Esmark Steel Group, the wholly-owned steel services subsidiary of diversified holding company Esmark, Inc., today announced that it has completed the acquisitions of five steel service centers in Illinois and Ohio from OAO Severstal. Terms of the acquisitions were not disclosed. Esmark Steel Group acquired the assets of Century Steel and Sun Steel in Chicago Heights, Illinois, and Independent Steel in Cleveland, Ohio. In addition, the company acquired the intellectual property assets, brand names and trademarks of Chicago-based Great Western Steel...

[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...

[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...

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...

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...

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...

FOR IMMEDIATE RELEASE Esmark Inc.’s $3.5 Million Asset Purchase of Precision Machining, Fabrication Company To Protect Jobs, Build Foundation For Future Growth CHICAGO, IL, December 29, 2009 – Esmark Industrial Group, a newly formed subsidiary of Esmark Incorporated, today announced that it has completed the acquisition of assets of Meadville, Pennsylvania-based Excalibur Machine Company, Inc. for $3.5 million in cash. Excalibur Machine is a precision machining and fabrication firm that supplies parts, sub-assemblies and materials handling equipment to Original Equipment Manufacturers (OEMs) engaged in the transportation, materials handling, heavy construction and power generation industries. In making the announcement, James P. Bouchard, Chairman of Esmark...