RG suitors include foreign, financial parties

Jun 01, 2012 | 04:14 PM | Chris Prentice

Tags  RG Steel, Mark Whalen, Seaport Group, Jim Tumulty

NEW YORK — A number of domestic and foreign buyers have expressed interest in parts or all of RG Steel LLC’s assets, chief operating officer Mark Whalen and the company’s investment bank advisor told AMM Friday.

"We started this sale process within the last several days," Whalen told AMM. "There are a lot of people looking at the assets."

Sparrows Point, Md.-based RG Steel expects to sell its assets either whole or piecemeal during a court-supervised auction process, according to Jim Tumulty, senior managing director at Seaport Group LLC, the investment bank overseeing the sale.....

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