Turret Steel acquires Wilcox; deal seen revitalizing cold drawer firm
Dec 21, 2010 | 11:58 AM
| Corinna Petry
Turret Steel Industries Inc.'s purchase this week of cold drawer and bar processor Wilcox Steel may give the acquired company new life for the second time in five years, Turret's top executive told AMM on Tuesday.
Green Bay, Wis.-based Wilcox was previously part of Fort Howard Steel, Oak Creek, Wis., but shut its doors after it was left out of Nucor Corp.'s acquisition of the parent company in February 2005.
Wilcox was revived in September 2005 after it was purchased by a Pennsylvania company that successfully operated the cold drawer processor.
At its peak, Wilcox shipped 40,000 tons of bar per year out of the 63,000-square-foot plant. "It takes a lot of 1/2-inch rounds to get to that volume," Turret president and chief executive officer Wayne Gould told AMM.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.