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LIBERTY Steel USA reports making 2 acquisitions from Leggett & Platt

LIBERTY Steel USA, part of the GFG Alliance, announced that it has completed the acquisitions of Ohio-based companies Solon Specialty Wire and Shaped Wire from Leggett & Platt.

A press release said that adding the companies will provide LIBERTY new product markets and avenues for growth in the U.S. Solon, a manufacturer of drawn steel wire, cold‐rolled shapes and aluminum products, will be incorporated and managed under the LIBERTY Johnstown Wire business.

“Solon’s wide range of wire size capabilities will complement (our) existing North American wire operations in Peoria, Illinois, and Johnstown, Pennsylvania,” said LIBERTY Steel USA Chief Executive Greg Jones. “(Our) Solon’s operations have been strongly profitable historically and will drive synergies and growth across LIBERTY’s wire business.”

Read 678 times Last modified on December 7, 2020