MISA Becomes Sole Owner of RSDC of Michigan
07/03/2012 - Marubeni-Itochu Steel America Inc. (MISA) has reached agreement with Steel Technologies to acquire 100% interest in RSDC of Michigan. The plant, located in Holt, Mich., was previously a 50/50 joint venture between the two companies.
Marubeni-Itochu Steel America Inc. (MISA) has reached agreement with Steel Technologies to acquire 100% interest in RSDC of Michigan. The plant, located in Holt, Mich., was previously a 50/50 joint venture between the two companies.
RSDC, which operates four configured blanking lines, one cut-to-length line, and one slitter line, was established in 1997 as the primary supplier of blanking sheets to several General Motors plants.
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, Mich., in the same region as RSDC. MMB has ceased operations at the Michigan plant and will move the blanking line to its Birmingham, Ala., 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 U.S., as the industry continues its strong recovery from the recent economic downturn.
MISA is a fully integrated network of metal processing and manufacturing facilities and sales and service offices strategically located in the U.S., 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 industries.
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.
