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

Bankrupt Republic Technologies Assets to be Acquired by RT Acquisitions

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Jul 17 2002

Republic Technologies International (RTI), the largest producer of high quality steel bars in the USA have received approval from the bankruptcy court to have all of it s assets acquired by RT Acquisition LLC. They have also settled disputes with bondholders who were owed $425 million. The deal will be completed as soon as possible.

The ruling from the bankruptcy court will see RTI’s business transferred to Rt Acquisitions, along with customers, employees, suppliers and lenders. This will save the jobs of some 2500 employees of RTI.

RTI is based in Ohio and has operations in Ohio, Pennsylvania, Illinois, Indiana, New York and Ontario.

For more information on steel manufacture, click here.

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