Articles from Esmark, Inc.

Esmark, Inc. and Esmark Steel Group today reaffirmed their support for the proposed merger between U.S. Steel and Nippon Steel and urges the Trump administration to revisit this alliance. The proposed merger is positioned to bring significant benefits to the combined company’s workers, strengthened U.S. national security, as well as bolstering America’s status in the international steel industry.

Esmark, Inc. and James P. Bouchard, Founder and Chairman of Esmark, Inc., today announced its 2024 charitable contributions total more than $120,000, supporting the Company and Bouchard’s decades-long history of philanthropic commitment. Bouchard and Esmark charitable donations have totaled more than $10 million since 2003.

On Monday, March 18, 2024, Tom “Moe” Modrowski, Esmark Steel Group, LLC’s first-ever chief executive officer, unexpectedly passed away. Esmark, Inc. Founder and Chairman James P. Bouchard shares his heartfelt sorrow with Roberto Alvarez, Mike Ogrizovich, and the entire Company at the loss of the steel operational mastermind.

James P. Bouchard, founder, chairman and chief executive officer (CEO) of Esmark, Inc., today announced his retirement from his role as CEO, effective November 23, 2023, his favorite family holiday. He will remain chairman of the Esmark, Inc. Board of Directors, private owner of the enterprise, and will continue to oversee all charitable contributions.

Mr. Jim Bouchard, CEO and Chairman of Esmark, Inc., today announced that Esmark Steel Group has established Esmark Steel International, a new business entity focused on supplying the Mexican industrial steel market. Located in Monclova, Coahuila, Esmark Steel International will service steel mill customers to supply flat rolled steel products for the construction, metal products, rail cars, auto machinery, tin plate, and electrical equipment markets. Esmark Steel International is a wholly owned subsidiary of Esmark Steel Group.

On Monday, September 25, 2023, the United Steel Workers (USW) announced that International President Tom Conway had died. Esmark, Inc. Founder, Chairman and CEO James P. Bouchard expresses his and the company’s deepest sorrow at the unexpected loss of one of the steel industry’s most reputable leaders.

Esmark, Inc. confirmed today that it will not participate in the purchase process for U.S. Steel Corporation (NYSEX) (“U.S. Steel”). Esmark had previously stated its intention to bid for, and negotiate a purchase with, U.S. Steel. Esmark respects the position of the United Steelworkers (USW) which is supporting Cleveland Cliff’s offer for U.S. Steel. Esmark maintains a solid working and personal relationship with the USW organization and its leadership.

Esmark, Inc. announced today a voluntary public cash and exchange offer for all issued and outstanding shares in U.S. Steel Corporation (NYSEX) (“U.S. Steel”) for $35 USD per share. The initial offer period runs from August 14, 2023, to November 30, 2023, and may be extended. Completion of the Offer is expected in Q4 2023, subject to regulatory and antitrust clearances.

Esmark, Inc. announced with sadness the passing of Hans Joachim Schmidt, father of Esmark founding investor and long-time member of the Esmark board of directors, Uwe T. Schmidt. The Schmidt family played an integral role in establishing Esmark’s leading position in the company’s steel and tin operations.

Esmark Steel Group, a subsidiary of Esmark, Inc., announced today that Don Macintyre, vice president and general manager, has been promoted to senior vice president of purchasing, effective May 20, 2022. In this role, Macintyre will be responsible for all steel purchases and will report directly to Esmark Steel Group Chief Executive Officer Roberto Alvarez.

Esmark Inc. today announced that Chairman & CEO James P. Bouchard and Martina Roda have made an initial donation of $25,000 USD to aid and support Ukrainians seeking refuge in Košice, Slovakia. They will also match monetary donations made by Americans who support Ukrainian refugees up to an additional $25,000 USD.

In observance of life of Martin Zavacký, who recently passed away, friends and former colleagues – Esmark Inc. Chairman & CEO James P. Bouchard and Martina Roda – made a personal donation of $5,000 to the Zavacký family to support funeral expenses.

Esmark Steel Group, a subsidiary of Esmark, Inc., announced today that David Brewer, vice president of operations has been promoted to executive vice president of business development, reporting to Jim Bouchard, chairman, Esmark, Inc. Brewer will be succeeded by John Dergentis, plant manager at Esmark’s Chicago Heights facility. Both promotions are effective December 1, 2021.