TITLE

Prosperity Fuels M&A Activity

AUTHOR(S)
Triplett, Tim
PUB. DATE
June 2005
SOURCE
Metal Center News;Jun2005, Vol. 45 Issue 7, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
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.
ACCESSION #
17361705

 

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