Printer Friendly

Buhler Industries Inc. Announces The Sale Of One Half Its Interest In Bradley Steel To Gerdau MRM Steel Inc.

WINNIPEG, Mb--(BUSINESS WIRE)--Nov. 10, 1995--BUHLER INDUSTRIES INC. (TSE:BUI.A) Buhler Industries Inc. announces the sale of one half its interest in Bradley Steel to Gerdau MRM Steel Inc. effective November 6, 1995. The transaction included the repayment of 50 percent of the $3 million Buhler Industries Inc. shareholder loan.

Bradley Steel produces the metal I-beams used in the production of truck trailer bodies. These beams are shipped to truck trailer manufactures throughout North America. Bradley Steel projects its annual sales to be $10 million.

Gerdau MRM Steel Inc. is a primary producer of special steel products at its facilities located in Selkirk, Manitoba, including the special I-beans used in the manufacturing of crossmembers. Annual sales exceed $150 million.

Buhler Industries Inc. is a diversified multi-product manufacturing company with four plants totaling more than 10 acres, over 400 employees, a product distribution network throughout North America and annual sales of approximately $56 million. The company is a major manufacturer of a wide range of agricultural equipment marketed throughout North America under two primary brand names; "Allied" and "Farm King".

Bradley Steel will now be a joint venture between Buhler Industries Inc. and Gerdau MRM Steel Inc. The Bradley Steel operation employs over 50 people and can produce approximately 3 million I-beams annually.

CONTACT: Norman Velnes

Corporate Development Officer

or

John Buhler

President

(204) 661-8711

(204) 654-2503 (Fax)
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Nov 10, 1995
Words:229
Previous Article:South Meager Geothermal Project joint venture statement on 1995 drilling and testing program.
Next Article:First-ever safe, natural treatment for impotency; doctor-designed, patented and tested "21 Again" offers hope to the nearly 30 million American men...
Topics:


Related Articles
Nucor makes bid for Birmingham. (Scrap Industry News).
Steel consolidation predicted. (Scrap Industry News).
Urge to merger: in several parts of the world, steel companies are merging in order to survive. (2003 Ferrous Scrap Supplement).
Costs of consolidation. (Scrap Industry News).
North star dimming.
Flexing its strength: restructuring has helped stabilize the steel industry, so will steel mills start flexing their purchasing muscles?
Smart shopper: Brazilian steel giant Gerdau, a family business at heart, is growing fast abroad.
Marking time: the steel industry has found strength through consolidation.
Gerdau Ameristeel purchases Fargo Iron and Metal Co.
Gerdau Ameristeel reports year-end numbers.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters