BNET Industries
Last Fiscal Year Sales:$510.0M
- Private
- US
Dow Jones Description
Republic Engineered Products, Inc. was established in December 2003 with the purchase of operating assets from Republic Engineered Products LLC. The company was acquired in July 2005 by Industrias CH, S.A de C.V. (ICH), a rapidly growing steel producer and processor based in Mexico City. Republic is a subsidiary of Grupo Simec, Guadalajara, Mexico, of which ICH is the majority owner. The company traces its roots back to 1886, with the establishment of Berger Manufacturing Co. in Canton, Ohio. Berger later became part of Republic Steel Corp., the sprawling steelmaker organized by financier Cyrus Eaton in 1930. Throughout the 1900s, Republic steel was instrumental in fighting a war and building a nation. Its bar products were instrumental in developing America's automotive, agricultural and aerospace industries. In 1984, Republic Steel merged with LTV Corp.'s Jones & Laughlin division to form LTV Steel. In 1989, an employee stock ownership plan bought LTV's bar division and renamed it Republic Engineered Steels, marking one of the largest employee ownership transactions in industrial history. In 1998, RES and Bar Technologies combined to form Republic Technologies International, which approximately one year later acquired the bar business of USS/KOBE Steel in Lorain, Ohio. The Lorain facility, located along the Black River, has a rich history dating back to 1895, when Thomas Johnson constructed the Johnson Steel Street Rail Company mill in just ten months. ...
Number of Employees 2,500
Peer Companies
NAICS Code Iron and Steel Mills: 331111
News & Analysis
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republic engineered products inc. - All News and Analysis
Republic, Union Reach Tentative Agreement
To: LABOR EDITORSContact: John A. Willoughby, VP of Human Resources & Corporate Relations, Republic Engineered Products, +1-330-670-3007, jwilloughby@republicengineered.com; or Jim Cyphert, Innis Maggiore, for Republic Engineered Products, Inc., +1-330-702-0490, jim@innismaggiore.com FAIRLAWN, Ohio, Aug. 16 /PRNewswire/ -- Republic Engineered Products, Inc., North America's largest producer of special bar quality SBQ steel,...
Metals Chips.
Staff Steel Dynamics expanded its bar product operations with its purchase of Roanoke Electric Steel , a fabricator of small beams in Virginia, for $240 million. The deal includes Steel of West Virginia , a bar making subsidiary of Roanoke, with...
Fairlawn, Ohio, steel company reports second quarter profits.
By Gloria Irwin, Akron Beacon Journal, Ohio Knight Ridder/Tribune Business News Jul. 21--Just months after being formed in a bankruptcy sale, Republic Engineered Products Inc. announced its second quarterly profit on Tuesday. The Fairlawn company, which is the nation's largest...
Hamburg, N.Y., Steel Plant Set Production Records in March.
By Matt Glynn, The Buffalo News, N.Y. Knight Ridder/Tribune Business News Apr. 28--Republic Engineered Products' Hamburg plant set production records in March, enjoying the same upswing in demand as many domestic steelmakers. Republic said it broke monthly records in...
Prices for Steel Scrap Inflate as Demand Rises.
By Gloria Irwin, Akron Beacon Journal, Ohio Knight Ridder/Tribune Business News Mar. 28--Steel is starting to look like a precious commodity -- scarce, pricey and heavily in demand. And for the first time since the inflationary days of the late-1970s,...
Sale of Fairlawn, Ohio-Based Steel Company to Investment Firm Finalized.
By Gloria Irwin, Akron Beacon Journal, Ohio Knight Ridder/Tribune Business News Dec. 12--After several days of court hearings, Republic Engineered Products LLC finally got a new owner late Thursday. New York investment firm Perry Strategic Capital reached a deal with...
Judge Controls Assets Sale for Bankrupt Fairlawn, Ohio, Steel Maker Republic.
By Gloria Irwin, Akron Beacon Journal, Ohio Knight Ridder/Tribune Business News Dec. 11--The future of Republic Engineered Products LLC is now in the hands of a judge. Hearings over the Fairlawn steel maker's proposed sale of assets continued Wednesday...
Bankrupt Akron, Ohio, Steel Company to Name Leading Bidder for Assets.
By Gloria Irwin, Akron Beacon Journal, Ohio Knight Ridder/Tribune Business News Nov. 4--Republic Engineered Products will tell a bankruptcy judge this morning which of three potential buyers should become the leading bidder for the Fairlawn steel maker's mills and other assets. ...
Republic restarts no. 4 blast furnace
Republic Engineered Products LLC expected to restart its No. 4 blast furnace at Lorain, Ohio, and to resume iron and steel production there by mid-September. The restart is the result of damage sustained by Lorain's No. 3 blast furnace during the Northeast power blackout on Aug. 14. With...
Steelmaker toughs out first year.(News)(Republic Engineered Products reports net loss of $16.3 mn for first quarter)
Byline: DAVID PRIZINSKY Born-again steelmaker Republic Engineered Products LLC of Fairlawn is approaching its first birthday facing the difficult task of maintaining its status as the country's largest producer of high-quality bars. The 2,400-employee company has reported losses since its formation...
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