Esmark Inc., Wheeling, W.Va., has announced the completion of its acquisition by OAO Severstal.
The acquisition was completed pursuant to the merger of Severstal Wheeling Acquisition Corp., a wholly-owned subsidiary of Severstal, with and into Esmark. Esmark was the surviving corporation of the merger and is now an indirect, wholly-owned subsidiary of Severstal and has been renamed “Severstal Wheeling Holding Company.”
With the completion of the tender offer and consummation of the merger, Severstal acquired all of Esmark's businesses, including:
• Wheeling-Pittsburgh Steel Corporation (to be renamed “Severstal
Wheeling, Inc.”)
• Esmark Steel Service Group, Inc. (to be renamed “Northern Steel
Group, Inc.”)
• Remaining 50 percent ownership of the joint venture Mountain State Carbon,
LLC, a blast furnace coking coal facility in West Virginia.
Esmark Inc. is a producer of carbon flat-rolled products for the construction, container, appliance, converter/processor, steel service center, automotive and other markets. The company’s products include various sheet products such as hot rolled, cold rolled, hot dipped galvanized, electro-galvanized, black plate and electrolytic tinplate.
More information is available at www.severstalna.com.
Latest from Recycling Today
- Alumetal of Poland issues EPD
- Bolder Industries receives grant for European project
- Regenx says US facility back online
- Cliffs has money-losing Q3
- BIR Autumn 2024: Supply challenges poised to grow
- Befesa reports double-digit adjusted EBITDA growth in Q3
- Companies partner to standardize build of chemical recycling plants
- Solarcycle to add recycling plant to Georgia campus