Kurt Orban, investors create SBQ firm

Jun 11, 2013 | 03:42 PM | Catherine Ngai

Tags  John Foster, Partners in Steel International LLC, Kurt Orban Partners, special bar quality steel distribution, SBQ, Bar Source International LLC, Chicago Iron & Steel, Esmark Steel Corp. John Fowler

NEW YORK — Industry veteran John Foster’s Partners in Steel International LLC has teamed up with a consortium of investors, including trading house Kurt Orban Partners, to form a new special bar quality (SBQ) distribution company aimed at serving the energy, automotive, capital equipment and agricultural sectors.

The new company, called Bar Source International LLC, was formed June 6 following Houston-based Partners in Steel’s purchase of Chicago Steel & Iron Bar’s SBQ assets from parent company Esmark Steel Group LLC, Chicago Heights, Ill. (amm.com, June 7).....

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