Posted in | News | Ferrous Alloys and Metals | Iron and Steel

Leading North American Industrial Products Supplier Enters Into Alliance with Viking & Worthington Steel Enterprises

Apr 9 2008

Samuel Manu-Tech Inc's majority owned steel pickling operations in Ohio,Samuel Steel Pickling Company (Samuel Pickling) today announced that it is entering into a strategic alliance with Viking & Worthington Steel Enterprises, LLC (V&W).

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V&W will shut down their steel pickling operations located in Valley City, Ohio and will have their Northeast Ohio pickling requirements processed at Samuel Pickling. V&W will obtain a minority ownership position in Samuel Pickling. It is presently anticipated that the transaction will close in June 2008.

“We are excited to welcome V&W into Samuel Pickling”, commented Samuel Manu-Tech Inc.’s Chairman and Chief Executive Officer, Mark Samuel, “We consider this to be an excellent opportunity for Samuel Pickling to better utilize their capacity while maintaining their commitment of service, quality and delivery to the marketplace”.

Samuel Manu-Tech Inc. is a leading North American industrial products and technology company producing a wide range of steel, plastic and related industrial products andservices from locations in Canada, the United States and Mexico.

Posted April 9th,2008

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