CHICAGO Either Bull Moose
Tube Co. or its parent company, Caparo Plc, is rumored to be in
a deal to acquire Elkhart Metal Distributing Inc., according to
sources familiar with the situation.
Chesterfield, Mo.-based Bull
Moose Tube and London-based Caparo declined to confirm talk of
the rumored transaction.
"There is no official comment at
present," Caparo Industries Plc group marketing manager Krassi
Stoyanova said in an e-mail to AMM. Bull Moose Tube
business development manager Randy Bishop also declined to
Elkhart Metal president John
Martin confirmed "there is something going on" but declined to
specify further. Asked if Elkhart, Ind.-based Elkhart Metal had
been acquired by Caparo, Martin said he was not "at liberty to
discuss any of that in the short run."
If completed, such an
acquisition would give tubing manufacturer Bull Moose Tube a
presence in the distribution sector. Some distributors have
expressed concern about such a move, noting that manufacturing
and distribution tend to be more separate in the United States
than in European markets.