Slater Steel Completes Sale of Sorel Forge
March 19, 2004
Slater Steel Inc. (SSI), Mississauga, Ontario, Canada, completed the sale of substantially all the assets of Sorel Forge to a subsidiary of A. Finkl & Sons Co. for approximately $41 million. Located in Sorel-Tracy, Quebec, Sorel Forge produces mold, tool and die steels, custom forgings and forged steel bars and is capable of producing large mold blocks of up to 55,000 pounds. Sorel employs approximately 270 hourly and salaried employees.