Dofasco to Acquire Ohio Automotive Tubular Assets
Dofasco Inc., Hamilton, Ontario, Canada, signed a letter of intent to acquire an advanced automotive tubular manufacturing and processing facility located in Marion, Ohio. Dofasco will acquire the assets, formerly operated by LTV/Copperweld, from a consortium of banks that own the assets. Upon closing, the facility will be integrated with Dofasco's existing tubular steel business.
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