Inseq acquiring Independent Metal for $7.5M

Aug 12, 2005 | 06:07 AM | Philip Burgert

Inseq Corp., a company developing an online trading portal for primary and secondary commodities that is to include metals, chemicals, fuels and plastics, has agreed to buy flat-rolled steel distributor Independent Metal Sales Inc. for an estimated $7.5 million.

Mount Arlington, N.J.,-based Inseq said the acquisition is considered strategic to the planned portal, which is expected to begin operation by the end of the year under the Inseq name.....

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