May 20, 2010, Bloomberg Businessweek, By Edmond Lococo (Updates with comment from analyst in fourth paragraph.) Esmark Inc., which sold its steel assets to Russia’s OAO Severstal in 2008, repurchased three processing plants that were part of the earlier transaction as Severstal exits that business in the U.S. Esmark acquired Sun Steel and Century Steel, both in Chicago Heights, Illinois, and Independent Steel, which is based in Cleveland, Thomas Modrowski, chief executive officer of closely held Esmark’s steel group, said today in an interview. The plants together employ about 200 and have an annual processing capacity of about 300,000 metric tons of flat-rolled...

[button size='small' style='' text='To Haiti Relief Page' icon='' icon_color='' link='/community/haiti-relief/' target='_self' color='' hover_color='' border_color='' hover_border_color='' background_color='' hover_background_color='' font_style='' font_weight='' text_align='left' margin='20px 20px 20px 20px'] January 25, 2010, By Margaret Harding, PITTSBURGH TRIBUNE-REVIEW Jim Bouchard went to Haiti with a plane full of medical supplies and returned this morning with his plane loaded with orphans — 102 of them. Bouchard, of Sewickley, helped organize what might have been the largest non-military shipment of narcotics to Haiti since an earthquake devastated its capital of Port-au-Prince two weeks ago. The plane, which left yesterday, carried about 35,000 pounds of medical supplies — enough pain medication for...

[button size='small' style='' text='To Haiti Relief Page' icon='' icon_color='' link='/community/haiti-relief/' target='_self' color='' hover_color='' border_color='' hover_border_color='' background_color='' hover_background_color='' font_style='' font_weight='' text_align='left' margin='20px 20px 20px 20px'] January 25, 2010 By Dennis B. Roddy, Pittsburgh Post-Gazette Pittsburgh Post Gazette Image Photo: Gretchen Herda, a nurse practitioner from Freedom, relaxes in a baggage cart and chats with Sharon Dennison, a nurse from Clarksburg, W.Va. before departing yesterday from Pittsburgh. The women were part of a mercy mission that brought 30,000 pounds of medical equipment and supplies to Haiti. The pair will work at the New Testament Mission in La Croix.   PORT AU PRINCE, Haiti - A 79-member medical team...

January 5, 2010, nwitimes.com, By Times Staff A subsidiary of Chicago-based Esmark Inc. completed the purchase of a Pennsylvania-based machining and fabrication firm. Newly formed subsidiary Esmark Industrial Group paid $3.5 million in cash for Excalibur Machine Co. Inc. The firm, founded in 1987, supplies parts, sub-assemblies and materials handling equipment to manufacturers in the transportation, materials handling, heavy construction and power generation industries. Esmark Inc. Chairman James Bouchard said the purchase will save about 50 jobs and provide working capital financing to grow the business. David Luptak, co-chief executive officer of Esmark, will be president and chief executive officer of Esmark Industrial Group. Esmark’s...

January 4, 2010, Crain’s, By John Pletz Jim Bouchard is hopping back on the steel roller-coaster. Last time around, Mr. Bouchard gathered up a collection of steel distributors and a struggling mill under the Esmark Inc. banner and sold them to Russia’s OAO Severstal for $1.2 billion at the industry’s peak in August 2008. Now, he and a group of investors that includes his brother Craig are looking to buy back the same businesses from Severstal at a steep discount. Photo: Esmark Chairman Jim Bouchard | AP photo “I think we can do exactly what we did before: buy low, be with the curve...

December 30, 2009, American Metal Market, By Corinna Petry Esmark Industrial Group, a newly formed subsidiary of Esmark Inc., has acquired the assets of Excalibur Machine Co. Inc. for $3.5 million. Meadville, Pa.-based Excalibur is a precision machining and fabrication firm that supplies parts, subassemblies and material handling equipment to original equipment manufacturers (OEMs) in the transportation, material handling, heavy construction and power generation industries. The acquisition will save about 50 jobs, including senior management, and provide working capital financing to grow the business and increase employment opportunities in the Meadville area, said James P. Bouchard, chairman of Chicago-based Esmark Inc. Esmark’s purchase prevents...

FOR IMMEDIATE RELEASE Esmark Inc.’s $3.5 Million Asset Purchase of Precision Machining, Fabrication Company To Protect Jobs, Build Foundation For Future Growth CHICAGO, IL, December 29, 2009 – Esmark Industrial Group, a newly formed subsidiary of Esmark Incorporated, today announced that it has completed the acquisition of assets of Meadville, Pennsylvania-based Excalibur Machine Company, Inc. for $3.5 million in cash. Excalibur Machine is a precision machining and fabrication firm that supplies parts, sub-assemblies and materials handling equipment to Original Equipment Manufacturers (OEMs) engaged in the transportation, materials handling, heavy construction and power generation industries. In making the announcement, James P. Bouchard, Chairman of Esmark...

FOR IMMEDIATE RELEASE University Park, Illinois-based Service Center To Be Renamed Chicago Steel & Iron And Become A Subsidiary of Esmark Steel Group CHICAGO, IL, November 16, 2009 – Esmark Incorporated today announced that it has re-entered the steel service center and distribution business with the acquisition of University Park, Illinois-based Amtex Steel, Inc., a precision processing and distribution company specializing in flat-rolled and bar products for the light manufacturing and durable goods industries. The $10 million acquisition includes Amtex Steel’s physical plant assets and real estate, as well as its rail line facilities. The company, to be renamed Chicago Steel & Iron,...

Nov 16 2009, Daily AMM, By Corinna Petry CHICAGO -- With its purchase of a service center near Chicago, Esmark Steel Group is looking to repeat the formula that worked so well earlier this decade—acquiring Midwest companies primarily focused on cold-rolled and coated sheet products, according to Thomas Modrowski, the company’s chief executive officer. The division of Chicago’s Esmark Inc. has completed a $10- million acquisition of Amtex Steel Inc., a University Park, Ill.-based processor and distributor of flat-rolled and bar products for the light manufacturing and durable goods industries. Amtex has been renamed Chicago Steel & Iron. Esmark last month signed a letter...

ESMARK AMTEX ACQUISITION MEDIA COVERAGE REPORT November 16, 2009, Bloomberg.com Esmark Inc., which sold its steel assets to Russia’s OAO Severstal last year for about $775 million, has re-entered the metal-distribution business with the purchase of Amtex Steel Inc. for $10 million. Amtex is a processing and distribution company based in University Park, Illinois, that focuses on flat-rolled and bar products used in light manufacturing and durable goods, closely held Esmark said today in an e-mailed statement. Esmark said it will pursue more acquisitions of steel service centers with cash on hand and aims to have $250 million in annual steel revenue by the...