Printer Friendly

Chaparral hangs out the for sale sign.

Chaparral Steel Co., based in Midlothian, Texas, has announced that its board of directors has retained the investment house of Goldman, Sachs & Co. and has begun a review of possible strategic alternatives.

Through this process, the company will be able to assess a number of other possibilities, including a possible strategic partnership, merger, acquisitions or a recapitalization.

Despite the move, Chaparral says there is no guarantee that the company will pursue any of the transactions that could result.

"The company will only pursue transactions that reflect the full value of this great company," says Tommy Valenta, president and CEO. "To capture that value, all strategic alternatives will be considered."

Chaparral is the second largest producer of structural steel beams in North America and supplies steel bars as well as recycling services.
COPYRIGHT 2007 G.I.E. Media, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:SCRAP INDUSTRY NEWS
Publication:Recycling Today
Date:Jun 1, 2007
Words:131
Previous Article:Cohen Bros. helps police catch scrap metal thieves.
Next Article:Swedish firm looks to acquire IPSCO.
Topics:


Related Articles
Bishops greet news of nominations with humility.
Aircraft Supplier News.
Fit to be shred.
Paper chain.
Pricing report shows decline in pet prices after Chinese withdrawal.
Sims, Nortel ink deal to boost recycling of electronics.
USG builds California wallboard plant.
Building momentum: the 2007 ISRI convention & exhibition brought attendees to New Orleans to build on the scrap industry's momentum.
KMI Developing Embedded RF Finger System - Video Report.
Sharp Corporation Introduces HN-VA40S and HN-VA10S PLC Adapters.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters