HEARTLAND STEEL SECURES $500,000 IN NEW BUSINESS
Heartland, Inc. (Middleboro, KY), a diversified company with businesses in steel warehousing and fabrication and petroleum retail and wholesale operations, today announced that Heartland Steel, the company’s steel warehousing subsidiary, has received a commitment to purchase steel to be used in a significant public works project in the Mid-West. The value of the new business is approximately $500,000.
?Both infrastructure improvements and new projects present tremendous opportunities for our company,? said Randy W. Frevert, president of Heartland Steel. ?This order represents only the first phase of construction, and we continue to pursue and bid on other similar projects in our markets.?
?I continue to be encouraged by the fast start of Heartland Steel, despite a challenging economic environment,? said Terry Lee, chairman and CEO of Heartland, Inc. ?It reflects the fine work of a team of dedicated employees and validates our decision to establish this business and build our facility at a centralized location within a market where there is both the need and the potential for solid growth.?
In February, Heartland Steel Products acquired Eugene Welding Company (EWCO; Marysville, MI) located northeast of Detriot. EWCO commenced operations in 1954 and manufactures structural steel tubing, which is used as a component for products in original manufacturer automotive, boating, industrial equipment, construction, agricultural, leisure and recreational vehicle markets. End products using EWCO structural steel tubing include trailer hitches, storage racks, boating trailers, boat hoists, forklifts, scaffolding, exercise equipment and recreational vehicles.
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