Esmark, Inc. Respects History, Working Relationship and Position of USW. Therefore, Will Not Make a Bid for U.S. Steel
Summary
SEWICKLEY, Pa.--(BUSINESS WIRE)--Esmark, Inc. confirmed today that it will not participate in the purchase process for U.S. Steel Corporation (NYSE:X) (“U.S. Esmark respects the position of the United Steelworkers (USW) which is supporting Cleveland Cliff’s offer for U.S. Steel. “The USW was our partner in the successful acquisition of Wheeling Pittsburgh Steel, and we remain close with them," said Jim Bouchard, Esmark, Inc., Chairman & CEO. Over the years, Esmark has diversified its interests and operations into a number of businesses engaged in the industrial and commodity sectors. The company is also an active corporate citizen in the communities it serves, having committed more than $10 million in philanthropic support of a wide range of humanitarian, education, family wellness and youth sports programs in Pennsylvania, Illinois and internationally.