Industry News

Chicago Metallic Announces Sale of Chicago Finished Metals

Published on 2007-01-17. Author : SpecialChem

CHICAGO -- Chicago Metallic Corporation announced that Precoat Metals, a division of Sequa Corporation (NYSE:SQA-A - News) has purchased the assets of Chicago Finished Metals, located in Bridgeview, Illinois.

Sandra Wilson, President and Chief Executive Officer of Chicago Metallic stated, "The sale of our metal coating businesses will enable Chicago Metallic to focus more resources on our core commercial ceilings business. We also believe this sale is in the best interest of our employees and our customers, as it merges our metal coatings business with one of the premier companies in the industry, Precoat Metals."

Chicago Metallic Corporation is a privately held manufacturer of ceiling systems serving the worldwide commercial ceiling building products market. CMC products include ceiling grid, metal ceilings and specialty ceiling products. Chicago Metallic manufacturing facilities and sales offices are located in North America, Europe, Middle East and Asia.

Source: Chicago Metallic Corporation

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