Niagara to ‘repurpose’ Ormet assets

Aug 12, 2014 | 04:42 PM | Nathan Laliberte

Tags  Ormet, Niagara Worldwide, Eric J. Spirtas, smelting facility, repurpose manufacturing equipment, aluminum, Hannibal, Ohio Nathan Laliberte

NEW YORK — The new owner of the former Ormet Corp. smelting facility in Hannibal, Ohio, is looking to "repurpose" manufacturing equipment at the idle site.

Niagara, Wis.-based development company Niagara Worldwide LLC purchased Hannibal-based Ormet’s assets for $25.25 million in June (, June 27). Ormet, which shut the Hannibal smelter in October after failing to secure a more favorable power....

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