March 30, 2016

ArcelorMittal Sells LaPlace, Vinton Mills

ArcelorMittal has agreed sell its LaPlace and Vinton Long Carbon facilities in the United States to an affiliate of Black Diamond Capital Management. Terms of the transaction, to be completed this month, were not disclosed.

The LaPlace, La., facility, in conjunction with a rolling mill in Harriman, Tenn., produces billets, angles, flats, channels and beams. The El Paso, Texas-based Vinton facility produces rebar and grinding media.

“The sale of LaPlace and Vinton is consistent with ArcelorMittal’s stated strategy of selective divestment of non-core assets,” says Jim Baske, executive vice president and CEO of ArcelorMittal North America. “I would like to thank the employees of LaPlace and Vinton for their commitment and efforts over the years, and wish them a successful future under new ownership.”


September 2017: Numbers Don’t Add Up for Service Centers
More...
 
Pause
September 2017: Lichtenstein: Five Steel Truths that Demand Attention
More...
Fall 2016: Cutting & Sawing Equipment
More...
Summer 2017
More...
 
Pause
Advanced Controls on Braner Slitters
More...
AHVS Precision Leveler Features Flip-Top Design
More...
Formtek’s Tishken Slitter Increases Production Volume
More...
Red Bud System Handles High-Strength Steels
More...
Bradbury Launches Flat Trak CL Monitoring System
More...
Artus Knives Custom Designed
More...
 
Pause
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Monday, October 23, 2017