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Article: Esmark Incorporated and Wheeling-Pittsburgh Corporation Participate in Purchase of ArcelorMittal USA's Sparrows Point Facility.
- Article from:
- Business Wire
- Article date:
- August 2, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Craig T. Bouchard Named Chairman and CEO of E(2) Acquisition Corp.
CHICAGO & WHEELING, W. Va. -- Esmark Incorporated and Wheeling-Pittsburgh Corporation confirmed today that a joint venture sponsored by both companies has entered into a definitive agreement to purchase substantially all of the assets of ArcelorMittal USA's Sparrows Point facility and operations. Other investors in the new company, to be called E2 Acquisition Corporation, are comprised of industry and institutional investors.
ArcelorMittal's Sparrows Point facility is a former Bethlehem Steel plant that is a fully integrated steel-making facility capable of producing 3.9 million tons of ...