The Intelligencer / Wheeling News-Register reports that Pittsburgh-based Esmark, Inc., has made a bid to purchase Wheeling Corrugating. The deal includes its downtown Wheeling, W.Va. office as well as several facilities throughout the U.S., but would not include plants at Martins Ferry or Beech Bottom.
Esmark previously owned the former Wheeling-Pittsburgh Steel company but sold it in 2008 to a Russian steelmaker. It was sold again a year later to its current owner, RG Steel, which has filed for Chapter 11 bankruptcy.
The HeraldStarOnline (Stuebenville, Ohio) further spells out the bid to include only Wheeling’s corrugating properties and not its paint or galvanized lines.
Esmark said it would work with the union and local officials to preserve the 200 jobs at stake in the 120-year-old company. If accepted, the deal is expected to be complete this summer.
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The Intelligencer / Wheeling News-Register article on the bid
Additional details about the bid from the HeraldStarOnline (Stuebenville, Ohio)