Alton Steel up for sale, mulls investor interest

Jul 24, 2013 | 06:23 PM | Rey Mashayekhi

Tags  Alton Steel, Charles Linnemeyer, John Simmons, Terry Wooden, USW, Rey Mashayekhi

NEW YORK — Alton Steel Inc. is weighing interest from prospective buyers, company president Charles Linnemeyer told AMM, having received multiple inquiries from investors looking to acquire the manufacturer.

The company, which purchased bankrupt Laclede Steel Co. and reopened Laclede’s mill in Alton, Ill., in 2003, is considering a potential sale after being approached by several interested parties late last year. Linnemeyer said it is outside interest in the company that is spurring any potential sale and not owner John Simmons, who holds 100 percent of Alton Steel.....





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