A. M. Castle & Co. Announces Ratification of New Four-Year Contract With United Steel Workers

Oct 19, 2010, 16:00 ET from A. M. Castle & Co.

FRANKLIN PARK, Ill. Oct. 19 /PRNewswire/ -- A. M. Castle & Co. (NYSE: CAS), a global distributor of specialty metal and plastic products, value-added services and supply chain solutions, announced today that a new four-year contract covering 225 employees at three Company locations in the United States has been ratified by members of the United Steel Workers (USW).  The new agreement was approved by a majority of union members in local votes taken on October 17, 2010.  The previous contract expired September 30, 2010 and union members continued to work without a contract until ratification was achieved.  The new contract will expire September 30, 2014.  

"We are pleased to have reached this agreement with the USW and working together we can continue our focus on making A. M. Castle the leading global provider of specialty metals, services and solutions," commented Michael Goldberg, President and CEO of A. M. Castle.

About A. M. Castle & Co.

Founded in 1890, A. M. Castle & Co. is a global distributor of specialty metal and plastic products and supply chain services, principally serving the producer durable equipment sector of the economy.  Its customer base includes many Fortune 500 companies as well as thousands of medium and smaller-sized firms spread across a variety of industries.  Within its metals business, it specializes in the distribution of alloy and stainless steels; nickel alloys; aluminum and carbon. Through its subsidiary, Total Plastics, Inc., the Company also distributes a broad range of value-added industrial plastics. Together, Castle operates over 56 locations throughout North America, Europe and Asia.  Its common stock is traded on the New York Stock Exchange under the ticker symbol "CAS".

SOURCE A. M. Castle & Co.