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MAIN STEEL ANNOUNCES SECOND NON-CORE DIVESTITURE

Elk Grove Village, Illinois, January 18, 2017 – Main Steel, LLC (“Main Steel” or the “Company”), a leading national processor and polisher of stainless steel, aluminum, and nickel alloys, announced the sale of Midland Stamping & Fabricating (“Midland”), by its parent, Advanced Alloy Processing (“AAP”), to Speyside Equity Fund I LP.

Headquartered in Schiller Park, Illinois, Midland is a leader in supplying stamping, fabricating, and other metalworking services to a customer base across major industrial markets that include the automotive, truck trailer, cookware, locomotive, heavy equipment, appliance and HVAC segments, among others.
Kevin Stevick, Chief Executive Officer of Main Steel, said, “We are pleased to announce the sale of Midland, AAP’s second divestiture of a non-core division, supporting our Company’s focus on providing high quality tolling services to mills, service centers, and select strategic partners across our national network.”

 

ABOUT MAIN STEEL

Based in Elk Grove Village, Illinois, Main Steel is a leading national specialty processor and polisher of stainless steel, aluminum, and nickel alloys, serving its customers through its four processing locations across the United States. For further information about Main Steel, please visit www.mainsteel.com.

 

Media Contact:

Daniel Yunger

KEKST

212-521-4800

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