Esmark Steel Group Acquires Five Service Centers

Esmark Steel Group, a wholly owned steel services subsidiary of Esmark Inc., has completed the acquisitions of five steel service centers in Illinois and Ohio from OAO Severstal.

Esmark Steel Group acquired the assets of Century Steel and Sun Steel in Chicago Heights, Ill. and Independent Steel, located in Cleveland.

In addition, Esmark Steel Group acquired the intellectual property assets, brand names and trademarks of Great Western Steel, Chicago, and North American Steel, Homewood, Ill.

All of the service centers will become wholly-owned subsidiaries of Esmark Steel Group and will join recently acquired Amtex Steel Inc. (now Chicago Steel & Iron) in the Esmark Steel Group service center portfolio.

Century, Sun and Independent Steel specialize in flat-rolled steel processing, bar products and just-in-time services and serve the automotive, construction, durable goods and light manufacturing industries. The three companies have combined annual steel shipments of about 300,000 tons of flat-rolled, value-added products.

“We’re extremely pleased to have these companies in the Esmark fold and joining Chicago Steel & Iron in serving our customers in Chicago and across the Midwest. Esmark Steel Group CEO Tom Modrowski and his management team have done a tremendous job in returning Chicago Steel & Iron to profitability, and we expect the integration of these companies under the Esmark umbrella will result in similar success,” says James Bouchard, chairman and CEO of Esmark Inc.