Metals USA Announces Acquisition of Lynch Metals
Share:
HOUSTON, July 3 -- Metals USA Holdings Corp. ("Metals USA") announced today the acquisition of Lynch Metals, Inc. and Lynch Metals of California, Inc. ("Lynch Metals"). Lynch Metals is a metal service center business that provides specialized aluminum processing capabilities to the aerospace and industrial equipment industries. The combination of Lynch Metals to the Metals USA footprint strengthens the Company's geographic presence in the Eastern and Western United States. Additionally, Metals USA's leading presence in the Midwest will support great growth opportunities for Lynch's unique capabilities.
Lourenco Goncalves, Chairman, President and C.E.O. of Metals USA, stated: "The acquisition of Lynch Metals is an important strategic move for our Flat Rolled and Non-Ferrous Group, as we continue to emphasize an aluminum and stainless steel product mix. We are also very pleased that Clint Lynch, President and founder of Lynch Metals, will be joining the Metals USA senior management team, bringing with him more than 25 years of great industry experience. We look forward to welcome Lynch Metals and its outstanding management and sales team to the Metals USA family."
Metals USA provides a wide range of products and services in the heavy carbon steel, flat-rolled steel, specialty metals, and building products markets. For more information, visit the company's website at www.metalsusa.com/. The information contained in this release is limited and the Company encourages interested parties to read the Company's historic Form 10-K and 10-Qs which are on file with the Securities and Exchange Commission for more complete information. Additionally, copies of the Company's filings with the Securities and Exchange Commission together with press releases and other information investors may find of benefit can be found at the Company's website at www.metalsusa.com.
Source: Metals USA Holdings Corp.
CONTACT: Robert McPherson, Sr. Vice President, CFO of Metals USA Holdings Corp., +1-713-965-0990
Web site: www.metalsusa.com/
