Steel buy.
Steel Buy: Platinum Equity Platinum Equity is an American information technology and private equity firm. It was founded by billionaire Tom Gores in 1995 and is headquartered in Beverly Hills, California. Group signed an agreement to acquire Amherst, N.Y.-based ESM (1) (Enterprise Storage Management) Managing the online, nearline and offline storage within a large organization. It includes analysis of storage requirements as well as making routine copies of files and databases for backup, archiving, disaster recovery, Group Inc., a provider of products and services to the steel industry, from Dusseldorf, Germany-based Degussa AG. Financial details were not disclosed. Degussa divested ESM to focus on the company's core specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. business. In fiscal 2004, ESM had 275 employees and generated sales of about $150 million.
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