Tube City IMS Corporation Announces Acquisition of Hanson Resource Management Limited

Hanson, headquartered inScunthorpe, England, operates throughout the UK. Since its founding in the early 1960s, Hanson has grown to its present status as 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 work force of more than 600 employees.

"We are delighted to add Hanson and its excellent management team and work force 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 UK 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 inBelgium,France, Serbia andSlovakia," added Raymond Kalouche, President and COO of the Company's Metal Recovery, Slag Processing, Material Handling and Scarfing Group.

Tube City IMS Corporation 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. The Company, headquartered inGlassport, PA, has operations at 72 plants throughoutthe United States, Canada,Europe,Mexico, theCaribbean,South America andAsia.

SOURCE Tube City IMS Corporation

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Copyright © 2008, NewsBlaze, Daily News

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