Haskell merges with U.K. firm

Article Abstract:

Haskell of Pittsburgh, an office furniture manufacturer based in Verona, PA, will merge with Senator International, one of the biggest furniture producers in the United Kingdom. The transaction will establish Haskell-Senator, a new Pittsburgh, PA-based firm with 1,000 employees and annual savings of $100 million. The two companies have been working for 15 years now, with Haskell selling the chairs produced by Senator's US operations to its clients who purchase steel office furniture. Haskell-Senator will have Haskell owner Joseph Wojdak as president and Senator owner Colin Mustoe as chairman.

Comment:

Will merge w/ Haskell of Pittsburgh, an office furniture make based in Verona, PA, to create Haskell-Senator of Pittsburgh, PA

United Kingdom, Acquisitions & mergers, Foreign operations, Organizational history, Furniture & Fixtures, Furniture and Related Product Manufacturing, Haskell-Senator, Haskell of Pittsburgh Inc., Senator Intnl.

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Usinor wants rest of J&L Specialty Steel

Article Abstract:

Usinor revealed that it plans to buy out subsidiary Pittsburg, PA-based J&L Specialty Steel for $103.7 million. The French steelmaker already owns 53% of J&L Specialty, but it wants to buy the remaining 18 million shares it does not own in J&L Specialty to leverage its own steelmaking business. Although the offer will still need the approval of J&L Specialty's board, Usinor expects to close the deal by end of 1998. According to J&L spokesman Jim Leonard, the buyout will not bring any major changes in the over 1,300-employee firm.

Comment:

Plans to buy out subsidiary Pittsburg, PA-based J&L Specialty Steel for $103.7 million

Iron and Steel Mills, France, Primary Iron & Steel, Iron and Steel Mills and Ferroalloy Manufacturing, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Steel Mill Products, Steel products, Usinor, J and L Specialty Steel Inc.

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