Prosperity Fuels M&A Activity

Triplett, Tim
June 2005
Metal Center News;Jun2005, Vol. 45 Issue 7, p10
Trade Publication
The article states that many metal service centers are investing their new found prosperity in acquisitions that will give them a position of strength, if metal prices return to historical levels. Most service center executives feel like winners today, coming off a record year for industry revenues in 2004. Confirming this trend, Macsteel Service Centers USA acquired Alpha Steel Corp., which distributes hot-rolled coil, structural steel and other products in the Midwest. Meanwhile, Esmark Inc. purchased Ohio-based Miami Valley Steel Service Inc., making Esmark one of the largest flat-roll buyers in the U.S.


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