Hilco Global Seeks Buyer for MI Steel ProcessorJanuary 1, 2016
Hilco Global, Northbrook, IL, announced that it has purchased a steel-processing facility located at the Lee Steel Corp. site in Romulus, MI. The deal, approved in U.S. Bankruptcy Court, includes a 200,000-sq.-ft. plant and all of the steel-processing equipment located at that site.
“Hilco Global is planning to run an aggressive marketing and sale process to find a buyer for this state-of-the-art steel-processing complex,” says Ben Nortman, executive vice president.
Lee Steel had been processing and selling steel products since 1947. Prior to bankruptcy, it had invested heavily in expansion and equipment.
See also: Hilco Valuation Services, Llc