WHEELING, W.Va., March 14 /PRNewswire-FirstCall/ -- Esmark Incorporated
(Nasdaq: ESMK) today announced it has completed the sale of its minority
equity interest in Wheeling-Nisshin, Inc. for $71.4 million to Nisshin
Holding, Inc. Net proceeds were used to reduce long-term debt.
About Esmark Incorporated
Esmark Incorporated is a vertically integrated steel producer and
distributor, combining steel production capabilities through both blast
furnace and electric arc furnace technologies with the just-in-time
delivery of value-added steel products to a broad customer base
concentrated in the Ohio Valley and Midwest regions. Currently
headquartered in Wheeling, WV, the Company is a producer of carbon
flat-rolled products for the construction, container, appliance,
converter/processor, steel service center, automotive and other markets.
The company's products include various sheet products such as hot rolled,
cold rolled, hot dipped galvanized, electro-galvanized, black plate and
electrolytic tinplate. More information about Esmark can be found at
http://www.esmark.com.
SOURCE Esmark Incorporated
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Related links:
http://www.esmark.com
http://www.prnewswire.com/comp/967451.html/
CONTACT:
Media, Dennis Halpin of Esmark Incorporated,
+1-304-234-2421, office, +1-304-650-6474, mobile,
dhalpin@esmark.com, or Bill Keegan of Edelman for Esmark
Incorporated, +1-312-927-8424, mobile, bill.keegan@edelman.com;
or Investor Relations, Dennis Halpin of Esmark Incorporated,
+1-304-234-2421, office, +1-304-650-6474, mobile,
dhalpin@esmark.com
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