Lakeside Steel
Lakeside Steel was a diversified steel pipe and tubing manufacturer with a focus on manufacturing OCTG. It was purchased by the JMC Steel Group in 2012 and is now known as Energex Tube.
Latest News
JMC Steel Completes Acquisition of Lakeside
02 April 2012 - JMC Steel Group, Inc. and Lakeside Steel Inc. have completed Lakeside's statutory plan of arrangement under the Business Corporations Act (Ontario). The Ontario Superior Court of Justice issued a final order approving the arrangement on March 29, 2012.
Lakeside Shareholders Approve Arrangement
27 March 2012 - Lakeside Steel announced that Lakeside stockholders approved the previously announced plan of arrangement for the acquisition of the company’s common shares by 2312522 Ontario Inc., a wholly owned subsidiary of JMC Steel Group, Inc.
Lakeside Announces Fiscal 2012 Third Quarter Results
28 February 2012 - Lakeside Steel Inc. recorded a net loss of $9,160,125 on revenue of $58,085,702 for the third quarter ended December 31, 2011 (Q3-2012), and a net loss of $17,854,604 on revenue of revenue of $158,884,734 for the first nine months of 2011.
Lakeside Steel Announces Management Changes
31 January 2012 - Lakeside Steel Inc. announced that Vic Alboini is no longer the Chairman and CEO of the company. The company has appointed Norman Findlay as Interim Chairman of the Board.
Lakeside Steel, JMC Steel Group Execute Arrangement Agreement
26 January 2012 - Lakeside Steel Inc. and JMC Steel Group, Inc. have entered into a definitive agreement pursuant to which JMC Steel Group, Inc., through a wholly owned subsidiary, has agreed to acquire all of the issued and outstanding common shares of Lakeside at a price of $0.2983 per share in cash.
Lakeside Provides Update on Non-Binding Transaction Proposal
11 January 2012 - Lakeside Steel Inc. announced a 10-daye extension of the period in which the company has agreed to negotiate exclusively with the potential purchaser regarding an acquisition or similar transaction.
Lakeside Reports 2nd Quarter Results, Proposed Financings
02 December 2011 - Lakeside Steel Inc. reported a net loss of $7,601,420 on revenue of $47,771,086 for the fiscal 2012 second quarter, and a net loss of $8,694,479 on revenue of $100,799,032 for the six months ended September 30, 2011.
Canadian Auto Workers Local Ratifies Contract with Lakeside Steel
04 November 2011 - Members of the Canadian Auto Workers, Local 523, the union representing employees at the Welland, Ont., facilities of Lakeside Steel Corp. have ratified a new three-year collective agreement.
Lakeside Reaches Tentative Agreement with Canadian Auto Workers
02 November 2011 - Lakeside Steel Inc. has reached a tentative agreement with the Canadian Auto Workers, Local 523 representing approximately 350 employees of Lakeside Steel Corp.
Lakeside Accelerates Completion of Alabama Treatment Facility
20 September 2011 - Lakeside Steel announced that construction is ahead of schedule for its new USD $7.5M state-of-the-art tubing thermal and end-finishing facility in Thomasville, Ala.
Lakeside Hires New Vice President Commercial
20 July 2011 - Lakeside Steel Inc. announced the appointment of Robert Okrzesik to the position of Vice President Commercial.
Lakeside Steel, Metals USA Enter Services Agreement
15 June 2011 - Lakeside Steel Inc. has entered into a four-year contract with Metals USA for the provision of steel slitting and warehousing services to support Lakeside's new steel pipe and casing mill in Thomasville, Ala.
Lakeside Steel to Build New Finishing Facility in Thomasville
25 March 2011 - Lakeside Steel Inc. has announced plans to build a new USD $7.5-million state-of-the-art end-finishing and heat treatment facility in Thomasville, Ala.
Lakeside Steel to Build End-Finishing and Heat Treat Facility
01 March 2011 - The Lakeside Steel Board of Directors has approved plans to build a new state-of-the-art end-finishing and heat treatment facility that will provide vertical integration of finished and upgraded tubular products.
Lakeside Steel to Add Processing Capability in Welland
28 February 2011 - Lakeside Steel announced plans to add additional thermal processing capabilities to its Welland, Ont., Lakeside Steel facility, enabling it to ship fully end-finished and normalized tubing products to oil country customers in the U.S, and Canada.
Lakeside Steel Completes Removal of PCB Waste from Welland Site
01 February 2011 - Lakeside Steel Inc. has completed the removal of PCB materials previously stored onsite at the Welland, Ont., facility of its wholly-owned subsidiary, Lakeside Steel Corp.
Lakeside Steel Reports Q2 Results
04 November 2010 - For the three months ended September 30, 2010, Lakeside Steel Inc. reported revenue of $66,485,859, a 273% increase compared to $17,812,672 for the same period in 2009, and an increase of $4,282,994, or 7%, compared to the previous quarter ended June 30, 2010.
Lakeside Steel Increases Production at End-Finishing Facility
20 October 2010 - Lakeside Steel Inc. has increased its tubing end-finishing production, which includes the process of upsetting, threading, and pressure testing tube products manufactured at the Welland facility, to meet demand and improve customer service.
Lakeside Steel Restructures Salaried Staff
11 October 2010 - Lakeside Steel has implemented a restructuring of the salaried workforce at its Welland location that will reduce the number of salaried employees at the manufacturing facility by 25%.
Lakeside Steel Breaks Ground on New Alabama Facility
02 September 2010 - Construction of Lakeside Steel Inc.’s new pipe manufacturing facility in Thomasville, Ala., has officially begun. The construction phase is expected to be substantially completed by April 2011.
