BURLINGTON, Ontario, Feb. 6, 2017 /PRNewswire/ -- Fisher & Ludlow, Inc. announced today that it is acquiring the assets of Alabama Metal Industries Corporation's (AMICO's) bar grating facility located in Bourbonnais, Illinois, as well as the bar grating equipment and related inventory at three other AMICO locations. Fisher & Ludlow fabricates steel and aluminum bar grating products that are sold under the brand name Nucor Grating.
"This acquisition is an important step in growing our North American market leadership for bar grating products," said Pat McFadden, President of Fisher & Ludlow, Inc. "We are excited to expand our business and welcome 80 new teammates to our company."
Fisher & Ludlow is a leading supplier of grating products in North America. The company's grating products are used as flooring for stairs, mezzanines and walkways by a wide variety of industrial and commercial customers. The company projects that it will produce 50,000 tons of bar grating products from the Bourbonnais facility.
Fisher & Ludlow is a subsidiary of Nucor Corporation. The company has developed an international reputation for quality products since it was established in Canada in 1954. Nucor and its affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada.
Certain statements contained in this news release are "forward-looking statements" that involve risks and uncertainties. The words "believe," "expect," "project," "will," "should," "could" and similar expressions are intended to identify those forward-looking statements. Factors that might cause the Company's actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: (1) competitive pressure on sales and pricing; (2) the changes in the supply and cost of raw materials; and (3) market demand for our products. The forward-looking statements contained in this news release speak only as of this date, and Fisher & Ludlow does not assume any obligation to update them.
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SOURCE Fisher & Ludlow, Inc.