Toronto firm buys Wilton steel plant

Quad-City Times Newspaper Online: “North Star Steel plant manager Carl Czarnik says an agreement that will put North Star Steel-Wilton under new ownership “is a very positive thing for our division and employees and for the local community as well.”

Gerdau Ameristeel of Toronto, Ontario, has reached an agreement with Minneapolis-based Cargill Inc. to purchase the fixed assets and working capital of four North Star minimills, including the plant in Wilton.

The others are located in St. Paul, Minn., Calvert City, Ky., and Beaumont, Texas. The transaction includes wire-rod processing facilities in Beaumont, Texas; Carrollton, Texas; and Memphis, Tenn.; and a grinding ball facility in Duluth, Minn.”

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