RG sells Sparrows Point, Warren assets

Aug 08, 2012 | 12:57 PM | Chris Prentice

Tags  Hilco Industrial, Hilco, CJ Betters, Sparrows Point, Warren, United Steelworkers, USW, RG Steel bankruptcy

NEW YORK — RG Steel LLC’s assets in Warren, Ohio, and Sparrows Point, Md., have been sold at auction for $16 million and $72 million, respectively, sources familiar with the deals told AMM.

Monaca, Pa.-based C.J. Betters Enterprises LLC was selected as the winning bidder for RG Steel’s Warren facility Tuesday with a $16-million cash bid, C.J. Betters’ counsel confirmed to AMM.....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results