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Metals USA Acquires VR Laser
02/24/2009 - Metals USA Holdings acquires the operating assets of Philadelphia-based VR Laser, a metal processor of carbon plate products.
Metals USA Holdings Corp. has acquired substantially all of the operating assets of VR Laser, a metal processor of carbon plate products located in Philadelphia, Pa.
The acquisition will enable Metals USA to provide substantial value adding processing capabilities to its expanding customer base in the Northeast.
“The equipment acquired replicates much of our existing capabilities along the Gulf Coast, and expands our technological advantage in the important marine and defense industries," commented Metals USA Chairman, President and CEO Lourenco Goncalves.
“Despite current difficult market conditions, Metals USA maintains a favorable long-term view on our business,” added Goncalves. “We believe attractive investment opportunities will continue to present themselves, allowing us to continue to expand our processing capabilities at attractive costs.”
Metals USA provides a wide range of products and services in the heavy carbon steel, flat-rolled steel, non-ferrous metals, and building products markets.
