July 5, 2017

Bedrock Completes Stelco Acquisition

Bedrock Industries Group LLC has completed the acquisition of the former U.S. Steel Canada operations. The steelmaker has emerged from CCAA protection and has formally changed its name to Stelco Inc., the name of the operation before being acquired by U.S. Steel in the previous decade.

“This is an exciting day for Stelco and for all of those who have worked so hard to position this company for success," says Alan Kestenbaum, chairman, Bedrock Industries. "We are well aware of Stelco's storied history and the special position it holds in the hearts of those in the communities of Hamilton and Nanticoke in which it operates, and across Canada. As Canada prepares to celebrate its 150th anniversary, it is fitting that we are celebrating the rebirth of Stelco, a company that played an integral role in building the nation, starting in 1910 as The Steel Company of Canada.”

Hamilton Works is located on the shore of Lake Ontario in Hamilton, Ontario. Lake Erie Works is located in Nanticoke, Ontario, on the shores of Lake Erie. Stelco produces steel that is used primarily in the North American automotive, construction, infrastructure, appliance, manufacturing and pipe and tube industries.


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Friday, October 20, 2017