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.....
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