A. M. Castle & Co. Announces Opening of New Edmonton, Alberta Facility
FRANKLIN PARK, Ill., Feb. 18 /PRNewswire-FirstCall/ -- A. M. Castle & Co. (NYSE: CAS), announced today the grand opening of its Canadian subsidiary's newest facility in Edmonton, Alberta. This new facility was built to support Castle's Canadian oil and gas business and replaces Castle's existing facility which it has occupied since 1996.
"We are very excited about this new facility and believe that it will help us better service our Canadian oil and gas customers," said Michael Goldberg, CEO and President of A. M. Castle & Co. "We have had a long-standing business relationship with the Canadian oil and gas industry and despite the current 'tough' economic times the Canadian market remains a critical piece of our global oil and gas portfolio. We believe this investment is not only the right investment for today – but for the future."
Goldberg went on to add, "This represents just another step forward in our continuing investment in the oil and gas industry and our further focus on this very strategic market." The new facility in Edmonton is approximately 50,000 sq. ft. in size and provides a broad range of services including metal distribution and processing. The facility has been fully operational since December.
About A. M. Castle & Co.
Founded in 1890, A. M. Castle & Co. is a global distributor of specialty metal and plastic products, value-added services and supply chain solutions, 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 65 locations throughout North America, Europe and Asia. Its common stock is traded on the New York Stock Exchange under the ticker symbol "CAS". Visit the company's Web site at www.amcastle.com.
SOURCE A. M. Castle & Co.
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