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.”)
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.
Get curated news on YOUR industry.
Enter your email to receive our newsletters.
Latest from Recycling Today
- GreenWaste appoints CEO
- Glencore makes Li-Cycle purchase official
- CHaRM facility opens in Fairhope, Alabama
- Liebherr to exhibit at upcoming IRPT event
- Cirba Solutions offering battery EPR guidance
- Graphic Packaging sees Waco mill costs rise, project remains on track
- Investment firm acquires majority stake in CP Group
- Worldsteel finds growth in 'indirect' steel trade this decade