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Alton Steel President: Sale 'Right Thing To Do' For Company
07/26/2013 - The potential sale of Alton Steel is good news for the steel mill and its employees, the company's president said, the Belleville News-Democrat reports.
Company president Charlie Linnemeyer said employees were notified last week that potential buyers contacted Alton Steel Inc. owner and Alton attorney John Simmons about buying the metro-east mill.
"They came to us, and Mr. Simmons felt it was the right thing to do," Linnemeyer said. "He's always been very, very loyal to Alton Steel and he continues to be loyal to Alton Steel. He will put Alton Steel first in the best interests of Alton Steel and its employees."
Linnemeyer would not identify the interested buyers or how many are considering to make a bid, but he said potential bidders may be connected to the automotive industry. The steel mill manufactures steel bars that are made into auto parts for the industry. It has set records in production since opening for business in 2003 and plans to spend $1.7 million for expansion…
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