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Superior Forge Inc

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BUSINESS
March 20, 1998 | Dow Jones
Metal Management Inc. of Chicago said it completed the acquisition of Superior Forge Inc., a Huntington Beach nonferrous metal processing company, for $5 million in cash 866,666 common shares worth about $12.5 million. Metal Management said Superior Forge has estimated annualized gross revenue of more than $15 million. Ian Albert, founder of Superior Forge, will join Metal Management's office of the president, and will be president and chief executive of Superior Forge.
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BUSINESS
March 18, 1999
Metal Management Inc. said it completed the sale of its Superior Forge West Coast forging operation in Huntington Beach to a group of investors led by Gerard M. Jacobs, former chief executive of Metal Management, for $17.1 million, mostly in cash. Jacobs departed as chief executive of the Chicago-based Metal Management, a holding company for a group of metal recycling businesses, to put together the investors' group.
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BUSINESS
March 4, 1999 | JOHN O'DELL, John O'Dell covers major Orange County corporations and manufacturing for The Times. He can be reached at (714) 966-5831 and at john.odell@latimes.com
Superior Forge Inc., a 6-year-old Huntington Beach metal processing business, is being sold for $17.1 million to an investor group headed by the former chief executive of its parent company. The aerospace parts maker is being sold by Metal Management Inc., a Chicago-based holding company for a group of metal recycling businesses. Gerard M. Jacobs, who had been Metal Management's chief executive, left that post to put together the group that is acquiring Superior.
BUSINESS
March 4, 1999 | JOHN O'DELL, John O'Dell covers major Orange County corporations and manufacturing for The Times. He can be reached at (714) 966-5831 and at john.odell@latimes.com
Superior Forge Inc., a 6-year-old Huntington Beach metal processing business, is being sold for $17.1 million to an investor group headed by the former chief executive of its parent company. The aerospace parts maker is being sold by Metal Management Inc., a Chicago-based holding company for a group of metal recycling businesses. Gerard M. Jacobs, who had been Metal Management's chief executive, left that post to put together the group that is acquiring Superior.
BUSINESS
July 24, 1997 | JOHN O'DELL, TIMES STAFF WRITER
Superior Forge Inc., one of four independent aluminum hand-forging companies in the nation, said Wednesday it has agreed to be acquired by a Chicago company as part of an effort to form a nationwide metal recycling network. Owners of privately held Superior will receive 1.08 million shares of stock in the Chicago company, Metal Management Inc. and $1.8 million in cash if the deal is completed. At Wednesday's $14.88 closing price for Metal Management's Nasdaq-traded shares, the deal is worth $17.
BUSINESS
March 18, 1999
Metal Management Inc. said it completed the sale of its Superior Forge West Coast forging operation in Huntington Beach to a group of investors led by Gerard M. Jacobs, former chief executive of Metal Management, for $17.1 million, mostly in cash. Jacobs departed as chief executive of the Chicago-based Metal Management, a holding company for a group of metal recycling businesses, to put together the investors' group.
BUSINESS
March 20, 1998 | Dow Jones
Metal Management Inc. of Chicago said it completed the acquisition of Superior Forge Inc., a Huntington Beach nonferrous metal processing company, for $5 million in cash 866,666 common shares worth about $12.5 million. Metal Management said Superior Forge has estimated annualized gross revenue of more than $15 million. Ian Albert, founder of Superior Forge, will join Metal Management's office of the president, and will be president and chief executive of Superior Forge.
BUSINESS
July 24, 1997 | JOHN O'DELL, TIMES STAFF WRITER
Superior Forge Inc., one of four independent aluminum hand-forging companies in the nation, said Wednesday it has agreed to be acquired by a Chicago company as part of an effort to form a nationwide metal recycling network. Owners of privately held Superior will receive 1.08 million shares of stock in the Chicago company, Metal Management Inc. and $1.8 million in cash if the deal is completed. At Wednesday's $14.88 closing price for Metal Management's Nasdaq-traded shares, the deal is worth $17.
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