Buhler Industries Inc. Announces The Sale Of One Half Its Interest In Bradley Steel To Gerdau MRM Steel Inc.
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
(204) 654-2503 (Fax)
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|Date:||Nov 10, 1995|
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