Esmark Steel Group Strengthens Presence in
Midwest with Acquisitions of Five Service Centers
in Illinois and Ohio
Esmark, Inc. Subsidiary To Achieve $250 Million Annual Revenue Target By End of 2010
May 20, 2010 04:55 PM Eastern Daylight Time
CHICAGO--(EON: Enhanced Online News)--Esmark Steel Group, the wholly-owned steel services subsidiary of
diversified holding company Esmark, Inc., today announced that it has completed the acquisitions of five steel service
centers in Illinois and Ohio from OAO Severstal.
Terms of the acquisitions were not disclosed.
Esmark Steel Group acquired the assets of Century Steel and Sun Steel in Chicago Heights, Illinois, and
Independent Steel in Cleveland, Ohio. In addition, the company acquired the intellectual property assets, brand
names and trademarks of Chicago-based Great Western Steel and Homewood, Illinois-based North American
Steel. Esmark intends to immediately reintroduce the legendary 100-year-old Great Western Steel Company as well
as North American Steel as part of its operations and growth strategy.
All of the service centers will become wholly-owned subsidiaries of Esmark Steel Group, headquartered in Chicago,
and will join recently acquired Amtex Steel, Inc. (now Chicago Steel & Iron) in the Esmark Steel Group service
center portfolio. Esmark intends to capitalize on its flat-roll integration expertise, product synergies and core
Midwest customer base to significantly increase flat-rolled shipments moving forward.
Century, Sun and Independent Steel are specialists 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 approximately 300,000 tons of flat-rolled, value-added
products and employ approximately 200 people.
James P. Bouchard, Chairman and Chief Executive Officer of Esmark Incorporated, said the acquisitions of
Century, Sun and Independent Steel greatly expand