Canam Steel Corporation, a subsidiary of Canam Group, has signed an agreement to acquire the steel joist fabrication assets of Quincy Joist Company, a subsidiary of Schuff International, Inc.
SAINT-GEORGE, QUE.
Canam Steel Corporation, a subsidiary of Canam Group, has signed an agreement to acquire the steel joist fabrication assets of Quincy Joist Company, a subsidiary of Schuff International, Inc.
These assets comprise a plant in Buckeye, Ariz., including all equipment and inventory, as well as a plant in Quincy, Fla., including all equipment and inventory but not the land. The transaction is subject to due diligence.
Canam Group will take possession of the Quincy assets when the current owner halts production activities. The equipment will be transferred to Canam Group’s other joist fabrication plants; no decision has been made in connection with the buildings.
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