Metals Chips
Staff -- Purchasing, 2/16/2006
- Metals distribution giant ThyssenKrupp Materials North America of Southfield, Mich., has expanded into third-party logistics, supply chain management and quality control systems with the purchase of Hearn Group, headquartered in Windsor, Ontario, Canada.
- Manufacturer of rolled aluminum products Aleris International of Beachwood, Ohio, has acquired the Alumitech aluminum recycling operation headquartered in Cleveland.
- AltaSteel, a steel bar mini-mill near Edmonton, Alberta, has been sold by its parent, integrated Canadian steelmaker Stelco, to Scaw Metals of South Africa, a subsidiary of the London-based Anglo American mining giant.
- Investment firm Apollo Management is the new owner of steel service center company Metals USA in Houston, after completing the $447 million acquisition. Apollo also recently bought the plastics and adhesives businesses of Tyco International recently.
- Service center company Esmark in suburban Chicago has purchased North American Steel, a distributor of various steel products in Cleveland and Youngstown, Ohio.
- Wheatland Tube of Pennsylvania and Seminole Tubular Products of Ohio are being sold by parent management firm John Maneely Co. of Sharon, Pa., to a private financing firm and a group of its managers. Wheatland produces standard pipe, electrical conduit, mechanical tube and sprinkler pipe. Seminole makes a variety of pipe fittings.
- Aluminum giant Alcan is investing $129 million for a 10% share of the 2.1 million metric ton/year expansion of the Alumar consortium alumina refinery in Sao Luis, Brazil. The expanded refinery will have a total capacity of approximately 3.5 million metric tons/year once completed.
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