ATLANTA (February 21, 2008) — Smith, Gambrell & Russell, LLP is representing Gerdau Ameristeel and its majority-owned joint venture, Pacific Coast Steel in connection with Pacific Coast Steel’s acquisition of Century Steel. The transaction is expected to close by the end of first quarter. Concurrently with the closing of the Acquisition, Gerdau Ameristeel will also increase its ownership interest in Pacific Coast Steel to approximately 84%.
The SGR attorneys involved in this matter are Corporate attorneys Jay Schwartz, Michelle Edwards, Julie Sebastian, and Emily Avant. Additionally, Phillip Hoover is addressing Environmental issues, and Tom Rhodes and Tom Hong are involved in regulatory matters.
Gerdau Ameristeel, which is headquartered in Tampa, Florida, is the second largest mini-steel producer in North America. Their products are sold to steel service centers, steel fabricators and directly to original equipment manufacturers and are found in a variety of structures such as bridges, highways, stadiums and buildings.