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Tube City IMS Completes Acquisition of Hanson Resource Management

09/08/2008 - Tube City IMS completes the acquisition of Hanson Resource Management Limited and its subsidiary Hanson Support Services Limited.

Tube City IMS Corp. has completed the acquisition of Hanson Resource Management Limited and its subsidiary Hanson Support Services Limited.
 
Hanson, headquartered in Scunthorpe, England, operates throughout the U.K. Founded in the early 1960s, Hanson is today a strategic partner to a diverse industrial client base with a primary focus on providing a broad range of low-cost, high-value services and solutions to world-class steelmakers delivering these services through a dedicated and skilled workforce of more than 600 employees.
 
"We are delighted to add Hanson and its excellent management team and workforce to the Tube City IMS family," said I. Michael Coslov, Chairman and CEO. "This acquisition meaningfully enhances the company's expanding global footprint and will provide a breadth and depth of resources and talent to access additional markets in the U.K. and throughout the EU."
 
"This exciting acquisition will provide us the opportunity to effect synergies and expansion of our broad range of steel mill services throughout our operations in Belgium, France, Serbia and Slovakia," added Raymond Kalouche, President and COO of the company's Metal Recovery, Slag Processing, Material Handling and Scarfing Group.
 
Tube City IMS Corp. is a leading provider of outsourced service, including raw materials procurement, scrap management, raw materials optimization, slag processing, metal recovery and surface conditioning to integrated steel mills, mini-mills and foundries. Headquartered in Glassport, Pa., the company, has operations at 72 plants throughout the United States, Canada, Europe, Mexico, the Caribbean, South America and Asia.