KW Metals to pay $15.8M for Keywell

Dec 12, 2013 | 03:57 PM | Rey Mashayekhi

Tags  Keywell, KW Metals Acquisition, Cronimet, Mark Lozier, scrap, recycler, Rey Mashayekhi

NEW YORK — KW Metals Acquisition LLC has agreed to pay $15.8 million for bankrupt specialty steel recycler Keywell LLC.

Keywell president and chief executive officer J. Mark Lozier "may become the president of and an investor in (KW Metals) or its affiliates," according to documents filed Dec. 12 in U.S. Bankruptcy Court in Illinois.

Neither Lozier, who was in court Dec. 12, nor KW Metals could be reached for comment.....

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