Scharf's objective in 1993 was to buy a metals service center as part of a planned chain of small metals distribution firms. (Podcast). 16-12789; Case No. He is the chairman of the Cold Finished Steel Bar Institute. Minimum 3 years experience in trust operations or brokerage back-office. for use of our website. 302-661-7000 Niagara Corporation Address: 667 Madison Avenue New York, New York 10021 U.S.A. Telephone: (212) 317-1000 Fax: (212) 317-1001 Statistics: Public Company Incorporated: 1993 as International Metals Acquisition Corporation Employees: 645 Sales: $207.5 million (1998) Stock Exchanges: NASDAQ Ticker Symbol: NIAG Specialty Steel Works Incorporated, headquartered in Hammond, IN, is one of North Americas leading independent manufacturers of specialty steel products. learn how over 7,000 companies got started! TREC:Info About Brokerage Services,Consumer Protection Notice. READ REDFIN'S, Do not sell or share my personal information. Niagara LaSalle Corporation is a mining & metals company that manufactures steel bars. He has been a member of the U.S. Industry Trade Advisory Committee on Steel (ITAC-7) since 2010. We champion the industry. LaSalle was making cold-finished bars in Hammond and Griffith, Indiana, and Spring City, Pennsylvania, when it was purchased in 1981 by Quanex Corporation for $52 million in cash and notes. With a centurys worth of experience in innovation and engineering excellence, Niagara LaSalle is able to quickly process highly specialized orders that meet its clients exact specifications. Copyright 2011-2023 BusinessBankruptcies.com. Harris Williams & Co., premier middle market investment bank, announces that Niagara LaSalle Corporation (Niagara LaSalle) has entered into a definitive agreement to be acquired by strategic buyer Optima Specialty Steel, Inc. Pursuant to the merger agreement, Optima Specialty Steel will acquire 100% of Niagara LaSalle. READ REDFIN'S FAIR HOUSING POLICY. Provide precise processing. Niagara LaSalle offers reliability you can always count on, with an emphasis on product reliability, service, quality and product development. Hammond, IN 46327-1743. Niagara LaSalle Steel Corp. operates eight production facilities across the United States with a combined plant size of 1M sqft. Niagara LaSalle Corporation Case Number 4:21-cv-01989 Court Texas Southern Nature of Suit 110 (Insurance) Judge Judge George C Hanks, Jr Date Filed June 17, 2021 Law Firms Clyde & Co Wright Close. The full address for this home is 54 Boardman Road, West Seneca, New York 14218. Tulsa Centerless is a wholly-owned subsidiary of Specialty Steel Works Incorporated. 3 Beds. International Metals Acquisition then changed its name to Niagara Corporation. The companys unparalleled flexibility, rigorous testing requirements, competitive pricing and logistical capabilities have allowed it to become the nations premier global supplier of cold-drawn carbon, alloy and high chrome mechanical and pressure tubing and piping. This case has a LEAD CASE: Scharf, who said in 1994 that he had $50 million in equity for a purchase, had been in the metals distribution business since 1970, when he founded Unimet Corporation, a specialty processor with initial capital of $450,000 that was sold in 1973 for at least $14 million. when applying to a job online, never give your social security number to a prospective employer, provide credit card or bank account information, or perform any sort of monetary transaction. Niagara LaSalle|Corey Steel CompanyMST- Seamless Tube & PipeTulsa Centerless Bar Processing, 1412 150th Street Prior to joining Niagara, Mr. Salamon held various commercial positions at North Star Steel for over 17 years. The companys modernized 320,000 square foot facility is capable of producing in excess of 40,000 tons of pipe and tube annually. He was eventually appointed Technical Director; then General Manager & Vice President of Operations; and later SSWI Executive Vice President, Innovation, Technology & Engineering. Corey is a wholly-owned subsidiary of Specialty Steel Works Incorporated. Source: International Directory of Company Histories, Vol. Email:melorod@gtlaw.com, U.S. Terms and Conditions $205,000 Last Sold Price. 0 suggestions are available, use up and down arrow to navigate them, Bail Operations Specialist (Greenville, PA), 200 N. LaSalle St. Suite 1100, Chicago, IL 60601. The Nemours Building We see them around but we don't know what goes on behind the scenes. The Hammond plant experienced a nine-week strike in 1998, but Scharf claimed that orders were not affected because of the hiring of about 100 replacement workers and boosted production by the other plants. The economy and markets are "under surveillance". Our four producing facilities are strategically located throughout the located the United States to provide our customers with fast service to their locations and the ability to purchase all their cold finished bar requirements in a one-stop-shop experience. In addition to cold-drawn bars, LaSalle's products included custom-cut bars shipped on a just-in-time basis for steering columns and shock absorbers; stress-relieved bars used in high-strength shafting, gears, and drive mechanisms; quench and tempered bars used in high-strength bolting and high-impact rod cylinders; and chrome-plated bars used in hydraulic and pneumatic cylinders. NIAGARA LASALLE CORPORATION. We are the industry leader in providing customer solutions for cold finished steel bars. An order (the Joint Administration Order) has been entered in this case directing the joint administration of the chapter 11 cases listed below under Case No. The Company offers grinding, cold drawing, descaling, chamfering and deburring, and saw and mult cutting services. Niagara LaSalle owned manufacturing facilities in Buffalo and Midlothian, Texas, in 1998 and was leasing a manufacturing plant in Chattanooga. Consult with a real estate agent for specific fee information in your area. Filed by Synchrony Bank. Operating through its four wholly-owned subsidiaries, Niagara LaSalle Corporation, Corey Steel Company, Michigan Seamless Tube & Pipe (MST) and Tulsa Centerless Bar Processing, Inc., the organization leverages its technical expertise, skilled workforce and sophisticated equipment to produce highly engineered products, including seamless cold drawn pipe and tube, cold finished steel bars and flats and various SBQ and MBQ products. The acquisition enabled Niagara's net sales to reach nearly $205 million in 1997. Scharf said he had changed his offer because he perceived a "diminution of the company's value.". Please, activate it in the options of your browser. Do not sell or share my personal information. Niagara was founded in 1993 by Michael J. Scharf as International Metals Acquisition Corporation, with the objective of acquiring an operating business engaged in the metals processing and distribution industry or metals-related manufacturing industry. Address: 1412 150th St. Cfo. Sometimes this can be as simple as changing a cold finishing process on our end or as challenging as finding new steel capable of higher physical properties and enhanced machinability.s enabling you to make a lighter weight part or component. The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive. applications and building customer relationships. Niagara LaSalle's independence from any single raw material producer allows us to source the steel needed to produce your cold finished bar requirements with the highest quality and lowest cost in mind. Nobody knows steel manufacturing better thanSpecialty Steel Works Incorporated. When following such a bankruptcy, it is important to follow the lead case. Niagara Cold Drawn, in early 1996, purchased Southwest Steel Co., Inc., a manufacturer of cold-drawn steel bars, for $3.1 million in cash and promissory notes and the assumption of $9.4 million in debt. What comparable homes are near this home? Listing by Keller Williams Realty Lancaster, (716) 324-2300, 41 Sunset Creek Dr, West Seneca, NY 14224, Listing by JRS Morgan Realty LLC, (716) 655-4445. Subscribe for a full year and receive two months free! From 1991 to 2001, Mr. Verkruyse was Chief Financial Officer, Secretary and Treasurer of Huntco Inc. and Huntco Steel, Inc., a processor of flat-rolled steel. Niagara LaSalle Corporation 1412 150th Street Hammond, IN 46327 LAKE-IN Tax ID / EIN: xx-xxx0059 Represented By Dennis A. Meloro Greenberg Traurig, LLP The Nemours Building 1007 North Orange Street Suite 1200 Wilmington, DE 19801 302-661-7000 Fax : 302-661-7360 Email: melorod@gtlaw.com Us Trustee U.S. Were working on getting current and accurate flood risk information. Anthony Verkruyse was appointed Chief Financial Officer ofSpecialty Steel Works Incorporated, in March 2013. Order Signed on 12/19/2016 (LMD) (Entered: 12/19/2016), Notice of Appearance. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Review your analysis and discuss selling strategies, Listing by Keller Williams Realty Lancaster, Parking, utilities, exterior, etc. Over the years Corey has grown its world class facility to have over 600,000 square feet devoted to the production and storage of cold finished steel bars and other long products from which to service its customers. Niagara LaSalle is a wholly-owned subsidiary of Specialty Steel Works Incorporated. Throughout the years he served in a number of different operations positions. Regular, predictable attendance is an essential requirement of this position. Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels. Why? Nearby homes similar to 54 Boardman Rd have recently sold between $205K to $205K at an average of $145 per square foot. Post all adjustments to cost basis for trust accounts, Update prices of miscellaneous and unique assets per Administrative or Investment Officers instructions, Post internal transfer of assets as directed and other adjusting transaction batches, Set up and process option trades as directed by the Investment/Portfolio manager, Resolve any operational problems regarding securities per operational guidelines, Serve as the back-up to Middle Office desk position. Fax : 302-661-7360 (Meloro, Dennis) (Entered: 08/28/2017). Niagara LaSalle Corporation manufactures and distributes cold finished steel bars. Niagara Lasalle Corporation filed as a Foreign Business Corporation in the State of New York on Monday, March 17, 1986 and is approximately thirty-seven years old, as recorded in documents filed with New York Department of State.A corporate filing is called a foreign filing when an existing corporate entity files in a state other than the state they . Find company research, competitor information, contact details & financial data for Niagara Lasalle Corporation of Hammond, IN. He started his career in private practice at the international law firm Squire Patton Boggs. Sixty-five percent of its customers were service centers, which had been turning elsewhere to meet their larger size needs. Tulsa Centerless vast experience in centerless grinding, precision straightening, induction heat treating, finished product machining, and other bar and tube value-added services allows it to quickly and efficiently meet its customers needs. High School diploma or G.E.D., 4 year degree preferred. HAMMOND, Ind., Jan. 13, 2020 /PRNewswire/ - Specialty Steel Works Incorporated ("SSWI") announced that its Board of Directors has appointed current President and COO Michael Salamon, as CEO and President effective today. Mr. Ivetich was educated at the Technical Institute in Belgrade, Serbia (formerly Yugoslavia) and has attended courses at ITT, the University of Chicago and Lehigh University. Filed by Niagara LaSalle Corporation. Specialty Steel Works Acquires Tulsa Centerless Bar Processing, Inc. All this is done through our focus on understanding our customers. Terrible. Niagara Corporation was, in the late 1990s, the largest independent producer of cold-drawn steel bars in the United States, with annual output of 300,000 tons. Instead, however, he changed course and in 1994 offered at least $105 million to acquire New Jersey Steel Corporation, a producer of steel reinforcing bars used in reinforced concrete by the construction industry. Edgcomb's 1986 leveraged buyout netted its shareholders $150 million, and the 1989 sale of the company brought them another $100 million. Hammond, Indiana, 46327. There is no recent news or activity for this profile. Renowned globally, we are the steel processing specialists that leverage technical expertise, a skilled workforce and sophisticated manufacturing facilities to produce highly engineered products, including pressure-carbon, pressure-alloy, mechanical-carbon and mechanical-alloy tubing and specialty bars. subscribe now, or Operatingfive facilities located throughout the United States, the companys robust production capacity allows it to manufacture cold finished steel bars in a wide range of sizes, shapes, grades, finishes, and tolerances. Of about 650 active customers in the United States and Canada in 1998, Niagara's three largest were Alro Steel Corporation, A.M. Castle & Co., and Earle M. Jorgenson Co. View contact profiles from Niagara LaSalle Popular Searches Niagara Lasalle Corp Operating through its four wholly-owned subsidiaries, Niagara LaSalle Corporation, Corey Steel Company, Michigan Seamless Tube & Pipe (MST), and Tulsa Centerless Bar Processing, Inc., the organization leverages its technical expertise, skilled workforce and sophisticated equipment to produce highly engineered products, including seamless cold drawn pipe and tube, cold finished steel bars and flats and various SBQ and MBQ products. These bars were being manufactured for a smooth and shiny surface, uniform shape with close size tolerance, enhanced strength characteristics, and improved machinability, characteristics essential for many industrial applications. Operating through its four wholly-owned subsidiaries, Niagara LaSalle Corporation, Corey Steel Company, Michigan Seamless Tube & Pipe (MST), and Tulsa Centerless Bar Processing, Inc., the organization leverages its technical expertise, skilled workforce and sophisticated equipment to produce highly engineered products, including seamless cold (Meloro, Dennis) (Entered: 03/13/2017), Amended Schedules/Statements - Jointly Administered Entity filed: Sch E-F, Sch G, ,. Trustee Office of the United States Trustee Find More Contacts for Niagara LaSalle Corporation, Edit Lists Featuring This Company Section, Midwestern US Companies With More Than $10M in Revenue (Top 10K), Midwestern US Manufacturing Companies (Top 10K), Indiana Companies With More Than 10 Employees (Top 10K). It reopened in 1986 under Niagara Cold Drawn Corporation, a company owned mainly by Allister Corporation, and continued to process hot-rolled steel bars into cold-finished flat steel bars between six and 48 inches wide for steel service centers and screw machine shops. REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. Coordinate with Investment officer as needed, Reconcile any asset discrepancies on the daily position exception reports for custody assets and any asset discrepancies found during the audit of physical securities, Post dividend and capital gain payments for all mutual funds, Post interest payments for all certificates of deposit held vault, Process settlement figures for custody vendor. Niagara LaSalle Corporation is North America's largest independent cold finished steel bar producer. Set up all asset information on the Trust Accounting system, may require research. Copyright (c) 2022 Company-Histories.com. He received a B.S. The owner in 1985, Ramco-Fitzsimmons Steel Co. Inc., went bankrupt that year, and the plant closed again. Redfin Estimate based on recent home sales. Operating through its four wholly-owned subsidiaries, Niagara LaSalle Corporation, Corey Steel Company, Michigan Seamless Tube & Pipe (MST) and Tulsa Centerless Bar Processing, Inc., the organization leverages its technical expertise, skilled workforce and sophisticated equipment to produce highly engineered products, including seamless cold drawn pipe and tube, cold finished steel bars and flats and various SBQ and MBQ products. Niagara LaSalle|Corey Steel CompanyMST- Seamless Tube & PipeTulsa Centerless Bar Processing, 1412 150th Street We offer the world's widest and most diverse product range and technical capability for engineered cold finished bars for you and your customers applications. International Metals Acquisition: 1993-95. By applying to a job using CareerBuilder you are agreeing to comply with and be subject to the CareerBuilder Optima Specialty Steel, Inc. 1065874. The length varied from ten to 20 feet, with most ten to 12 feet. Steel service centers purchase and warehouse large amounts of standardized steel products for direct sale to OEMs. 844 King Street, Suite 2207 Niagara LaSalle - steel, cold finished steel, steel bars, Stressproof, Fatigue-Proof, Fatigue Proof, ETD 150, Custom Cut steel, CPO steel, Chrome Plated Steel Bars, IHCP, Induction Hardened Chrome Plated, Cold Finished Steel Bars, Cold Finished Bars WE OFFER AN ARRAY OF TOOLS TO GIVE YOU INFORMATION REGARDING YOUR ACCOUNT WITH US. In January of 2020 Mr. Salamon was appointed President & CEO as well as a member of the board of directors of SSWI. Redfin does not endorse or guarantee this information. Based on Redfin's West Seneca data, we estimate the home's value is $209,134. in Economics and Urban Systems Studies from the University at Buffalo. Nearby homes similar to 54 Boardman Rd have recently sold between $205K to $205K at an average of $145 per square foot. Niagara LaSalle has not only grown over the years organically but we also have a long history of strategic acquisitions including Southwest Steel, Universal Metal Service, Plymouth Steel Corporation, the assets of Moltrup Steel and Fitzsimmons Steel along with plants and equipment from Bliss & Laughlin, Republic Engineered Steels and Impact Cut-Off Company and most recently Diameters Corporation. He was appointed Chief Operating Officer of the Company in May 2012, and President of Specialty Steel Works Incorporated and Niagara in March 2013. It has excellent management; it's a good facility; it has an excellent product, good potential for growth and is very service oriented." 1,400 Sq. In 1998 the company posted sales of over $207 million. for 54 Boardman Rd, Home details and zoning from local records, Walkability, biking, nearby amenities near 54 Boardman Rd, Single-Family Home Real estate trends near 54 Boardman Rd. Lead innovations. Niagara LaSalle Corporation insights Based on 19 survey responses Areas for improvement Sense of belonging Fair pay for job Overall satisfaction You can't trust a soul in here. MST is a wholly-owned subsidiary of Specialty Steel Works Incorporated. LaSalle owned manufacturing facilities in Hammond and Griffith, Indiana. Scharf needed to make an acquisition because International Metals' charter required the company to dissolve and return the money raised from investors if it did not acquire a company within two years of the initial public offering of stock in August 1993. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Trustee Chief Executive Officer & President Michael Salamon joined Niagara La Salle Corporation in 2004 and became Executive Vice President of Commercial in 2010. in Accounting from Marshall University and a J.D. Because of its size, advanced equipment and experienced workforce, MST is able to quickly process highly specialized orders large or small that meet clients exact specifications. TENNESSEE FOREIGN FOR-PROFIT CORPORATION. Niagara Cold Drawn was also leasing a smaller mill in Chattanooga, Tennessee, in 1992, when it was 80 percent owned by Adage Inc., which had acquired Allister. Niagara LaSalle practices continuous improvement internally through the employment of our Lean Six Sigma program company wide. 1007 North Orange Street "I was attracted to Niagara for a variety of factors," Scharf told American Metal Market in June 1995, "one being that it has a consistent record of growth. The docket in Case No.16-12789 should be consulted for all matters affecting this case.The following chapter 11 cases are jointly administered pursuant to the Joint Administration Order: Case No. Principal Subsidiaries: LaSalle Steel Corporation; Niagara LaSalle Corporation. purchase single case Climate risk data is provided for informational purposes only. Our products are found in various parts and components in a myriad of different industries including automotive, construction equipment, agricultural equipment, rail industry, mining industry, power and hand tool industry, power generation equipment, (including green power applications), machine tool builders, aerospace and oil and gas industries. Working at Niagara LaSalle Corporation in South Holland, IL: Employee Reviews | Indeed.com As consumers, we often take for granted all the hard work that goes into building a great company. Privacy Policy. Great West Seneca schools. 28. LAKE-IN Homes similar to 54 Boardman Rd are listed between $30K to $510K at an average of $130 per square foot. When we detect a group of jointly administered cases, we mark the associated and lead cases. Hammond, IN 46327 Circuit Breakers - Some, Copper Plumbing - Some, Sump Pump, Ceramic-Some, Laminate-Some, Wall To Wall Carpet-Some, Cable TV Available, Partially Fenced Yard, Abbott to Wiesner Rd or Fisher Rd, Myers to Boardman. In 2017 he was appointed SSWI President & Chief Operating Officer. WRITE REVIEW. NIAGARA LASALLE CORPORATION. Receipt of filing fee for Voluntary Petition (Chapter 11)(16-12790) [misc,volp11a] (1717.00). Were working on getting current and accurate heat risk information. Niagara LaSalle Corporation is the combination of Niagara Cold Drawn Corporation, whose history dates back to 1986 in Buffalo, New York, where cold drawn bars have been produced since 1929 and LaSalle Steel Company, whose history and proprietary products dates back to 1912. Niagara Corporation, in 1997, purchased LaSalle Steel Co. from Quanex Corporation for $66.9 million in cash. Operating through its four wholly-owned subsidiaries, Niagara LaSalle Corporation, Corey Steel Company, Michigan Seamless Tube & Pipe (MST) and Tulsa Centerless Bar Processing, Inc., the organization leverages its technical expertise, skilled workforce and sophisticated equipment to produce highly engineered products, including seamless cold drawn pipe and tube, cold finished steel bars and flats and various SBQ and MBQ products. niagara lasalle corp. niagara lasalle. Niagara LaSalle Company History Timeline 1981 LaSalle was making cold-finished bars in Hammond and Griffith, Indiana, and Spring City, Pennsylvania, when it was purchased in 1981 by Quanex Corporation for $52 million in cash and notes. Leased headquarters for the parent company were in New York City. 16-12789. 16-12792; and Case No. Niagara LaSalle's research and development team is committed to finding new material solutions to meet your ever changing manufacturing challenges. Niagara LaSalle Corporation is North America's largest independent cold finished steel bar producer. Terms and Conditions REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. Finally, we can read about how these great companies came about with Company Histories.. Specialty Steel Works Incorporated. Niagara LaSalle's products in 1997 included cold-drawn bars used in machining applications, automotive and appliance shafts, screw-machine parts, and machinery guides; turned, ground, and polished bars used in precision shafting; and drawn, ground, and polished bars used in chrome-plated hydraulic cylinder shafts. Following the collapse of this proposed acquisition, Scharf purchased Niagara Cold Drawn Corporation in 1995. (Meloro, Dennis) (Entered: 03/13/2017), Amended Schedules/Statements - Jointly Administered Entity filed: Sch E-F, , Sum of Assets and Liabilities, Decl Concerning Debtors Schs,. Most homes get multiple offers, often with waived contingencies. Learn more. Listing by JRS Morgan Realty LLC, (716) 655-4445. Scharf was chairman, president, and chief executive officer of the firm, which was based in New York City and raised $15 million in a public offering of stock that year. Hammond, Indiana, 46327. and both meet and comply with their provisions. It consisted of two subsidiaries: Niagara LaSalle Corporation, a manufacturer of such bars, and LaSalle Steel Corporation, a producer of specialized as well as standard cold-finished steel bars. Move right in! Who are Niagara LaSalle Corporation 's competitors? Niagara LaSalle|Corey Steel CompanyMST- Seamless Tube & PipeTulsa Centerless Bar Processing, 1412 150th Street Mr. Salamon holds a B.A. Niagara LaSalle Corporation manufactures and distributes cold finished steel bars. Complete all mandatory and elective training, including BSA (Bank Secrecy Act) and Anti-Money Laundering procedures. Alternatives and possible competitors to Niagara LaSalle Corporation may include King Steel Corporation, Showa Denko Carbon, Inc., and Trinity Products. (Smith, Valerie) (Entered: 02/20/2017), Schedules/Statements filed: Sch A-B, Sch D, Sch E-F, Sch G, Sch H, , Sum of Assets and Liabilities, Decl Concerning Debtors Schs,. Coreys single plant facility is a leading provider of quality engineered products with a commitment to unparalleled customer service and delivery. All rights reserved. Hammond, Indiana, 46327, Specialty Steel Works named a Finalist for 2021 INFOSEC Inspire Security Awareness Awards. Specialty Steel Workstakes tremendous pride in the combined success of our family of companies, and we invite you to learn more about each of them and their capabilities. 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