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

Dofasco Agree to Sell Tubular Products Business

Aug 10 2007

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Dofasco Tubular Products Corporation today announced the signing of a definitive purchase agreement on the sale of its Elizabethtown, Kentucky stainless tube making facility to Samuel Manu-Tech Inc. of Mississauga, Ontario.

After a strategic and operational review of its business, Dofasco Tubular Products engaged in the sale of its Elizabethtown stainless steel tubing facility in order to focus on its core carbon steel businesses of Mechanical and Automotive tubing.

Bill Chisholm, President of Dofasco Tubular Products states, "We are pleased to be able to sell this facility to a company of Samuel Manu-Tech's reputation and expertise. Although stainless tubing did not fit with our core business, it is a specialty product that is an excellent fit with the Samuel portfolio."

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