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Severstal North America completes sale of select Northern Steel Group assets to Aurora Resurgence

Severstal North America completes sale of select Northern Steel Group assets to Aurora Resurgence

Severstal North America has completed the sale of certain assets operated under Northern Steel Group, Inc., a leading steel services business, to an affiliate of Aurora Resurgence, a Los Angeles, Calif., private equity fund.

The sale includes Miami Valley Steel Service, Piqua, Ohio; Premier Resource Group, Lombard, Ill.; Electric Coating Technology, East Chicago, Ind., and U.S. Metals and Supply, St. Louis, Mo.

On April 26, 2010, Severstal and Aurora Resurgence signed a sale agreement for these assets.

Source:Severstal press-service

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