Böhler Uddeholm AG has acquired Kent, Wash.-based Summerville Steel Company, a privately-held distributor of specialty steel products. Transaction terms were not disclosed.

McGladrey Capital Markets LLC (www.mcgladreycm.com) initiated the transaction, led the negotiations and acted as the exclusive financial advisor to Summerville Steel.

About McGladrey Capital Markets

McGladrey Capital Markets LLC (www.mcgladreycm.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm’s services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in 13 distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.

McGladrey Capital Markets is affiliated with RSM McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE:HRB), the world’s preeminent tax services provider.

McGladrey Capital Markets’ international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, Dallas, New York and London. The firm is a member of FINRA and SIPC.

About Summerville Steel Company

Summerville Steel Company (www.sumsteel.com) is a distributor of specialty steel products to manufacturing customers through three locations on the West Coast. The company specializes in inventory management of niche steel products including tool steel, carbon bar steel, alloy bar steel and stainless steel. These items are used to manufacture diverse end-products such as industrial tools, industrial machinery, exercise equipment, food processing equipment, hardware and pumps.

About Böhler Uddeholm AG

Böhler Uddeholm AG (www.bohler-uddeholm.com) is a leading international specialty steel and materials company with a focus on four divisions:

– High Performance Metals
– Welding Consumables
– Precision Strip
– Special Forgings

The company has production sites in Austria, Germany, Sweden, Brazil, Italy, Belgium, Turkey, the United States, Mexico, China and Indonesia and heat treatment operations worldwide. Products and services are sold in roughly 100 countries on all continents, with wholly owned sales subsidiaries in nearly 50 markets. Böhler Uddeholm is a worldwide market leader in tool steel (High Performance Metals Division), bimetallic strips, cutting and creasing rules, rule die steel (Precision Strip Division), and blades for gas and steam turbines (Special Forgings Division); worldwide number two in high-speed steel (High Performance Metals Division); and worldwide number four in welding materials (Welding Consumables Division).

This entry was posted by Gold Mining on Saturday, November 8th, 2008 at 1:10 am and is filed under Steel & Iron. Tags: Acquisition, acquisitions, alloy bar steel, Austria, bank, Belgium, BOEHLER-UDDEHOLM AG, Boston, Brazil, Böhler Uddeholm AG, capital raising, carbon bar steel, Chicago, China, Company, Consumables Division, Costa Mesa, Dallas, diverse end-products, divestitures, exercise equipment, fairness opinions, FINRA and SIPC, food, food processing equipment, Germany, H&R Block Inc., High Performance Metals Division, high-speed steel, indirect subsidiaries, Indonesia, industrial machinery, industrial tools, inventory management, Investment, investment bank, investment banking, investment banking services, Italy, Kent, London, machinery, Managem, McGladrey Capital Markets LLC, Merger, mergers, metal, Mexico, Mine, New York, niche steel products, Precision Strip Division, privately-held distributor, products, professional services, recapitalizations, restructurings, RSM McGladrey Inc., rule die steel, Special Forgings Division, stainless steel, steel, Steel Company, steel products, Summerville Steel Company, Sweden, tax services, tool steel, Turkey, United States, West Coast. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.