Steel Products
Stahlschmidt Inc. and Bouchard Group LLC Acquire Esmark Technologies
Written by Sandy Williams
January 23, 2013
Esmark Inc., Stahlschmidt Inc. and Bouchard Group LLC have announced the joint acquisition of Esmark Technologies. Esmark Technologies will provide technical management services across the steel, manufacturing and industrial sectors and will be based in Cleveland Ohio.
Esmark Inc., founded by Chairman and CEO James Bouchard, has strong roots in the steel industry. Current interests include Cleveland service center Independent Steel, newly acquired Yorkville cold-rolled finishing mill and 50 percent interest in Ohio Coatings tin plate production facility.
Esmark Technologies will continue to develop and expand projects in Ohio, including a diversified pipe and aggregates depot and ancillary services to support the Marcellus field demand; a possible tin printing venture; and a coal transfer/blending station and/or shale gas co-generation facility at or near existing Esmark facilities.
Stahlschmidt, a privately held management services concerned with interests in international trading of metals, oil and gas, renewable energy, supply chain management and other services, will own 60 percent of the venture and manage operations.
Bouchard Group LLC is a diversified VC Investment Holding Company with interests in international trading of metals, oil and gas, renewable energy, supply chain management and other services.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Construction Spending Up in August: AGC
Construction spending in the US increased in August, according to the Associated General Contractors of America (AGC).
USS Slates Layoffs at Granite City Works
U.S. Steel is laying off ~300 workers at its Granite City Works in Illinois, a company spokeswoman told SMU on Tuesday.
AISI: Raw Steel Production Shifts Down
US raw steel output took a downward turn during the week ending Sept. 30, according to data released by the American Iron and Steel Institute (AISI) on Monday, Oct. 2.
GM Lays Off Workers in Ohio and Indiana, Cites UAW Strike
General Motors has announced layoffs at its Parma Metal Center in Ohio and Marion Metal Center in Indiana as a result of the ongoing United Auto Workers (UAW) strike.
Rig Count Drops in the US, Inches Up in Canada
The number of active oil and gas drilling rigs in the US dropped this week while Canada’s count increased by one, said oilfield services company Baker Hughes in its weekly report.