NEW YORK, June 29, 2012 /CNW/ - Marubeni-Itochu Steel America Inc.
(MISA) announced today that it has reached agreement with Steel
Technologies to acquire 100% interest in RSDC of Michigan. The plant,
located in Holt, MI was previously a 50/50% joint venture between the
RSDC, which operates four (4) Configured Blanking lines, one (1)
Cut-to-Length line, and one (1) Slitter line, was established in 1997
as the primary supplier of blanking sheets to several General Motors
This transaction is the latest of MISA's moves in the past several years
to organize and streamline its subsidiary operations.
MISA Metal Blanking Inc. (MMB), which is also 100% owned by MISA, has
had a plant in Howell, Michigan in the same region as RSDC. MMB has
ceased operations at the Michigan plant and will move the blanking line
to its Birmingham, Alabama plant. With this move, the MMB Alabama plant
will operate two blanking lines, positioning MMB to support the future
growth of automobile production in the southern US, as the industry
continues its strong recovery from the recent economic downturn.
Company Name: RSDC of Michigan, LLC
Established: May 1997
Location: Holt, Michigan
President: Ralph E. Daulton
Capital: $ 21,766,000
Blanking lines - 4
Cut-to-Length line - 1
Slitter line - 1
Company Name: MISA Metal Blanking Inc.
Established: March 1997
Location: Birmingham, Alabama
President: Daniel Combs
Capital: $ 10,000,000
Major equipment: Blanking lines - 2
About Marubeni-Itochu Steel America Inc. (MISA)
MISA is a fully integrated network of metal processing and manufacturing
facilities and sales and service offices strategically located in the
United States, Canada and Mexico. Founded in 2001, the company is a
recognized industry leader in all aspects of supply chain management
and processed metals for the automotive, construction and other major
MISA is a wholly owned subsidiary of Marubeni-Itochu Steel Inc. and is
the subsidiary responsible for international trade, processing and
manufacturing operations in the Americas. Marubeni-Itochu Steel Inc. is
a global leader in metal trading, processing and manufacturing.
Marubeni-Itochu Steel Inc. employs approximately 7,800 people and
operates 45 offices in 23 countries worldwide.
SOURCE Marubeni-Itochu Steel America Inc. (MISA)
For further information:
Please direct any inquiries to Hugh Thatcher, Vice President, Human Resources & General Affairs, MISA, 212 660-6005, email@example.com