Bedrock Industries agrees to acquire Stelco (formerly U.S. Steel Canada)

Bedrock Industries signed a purchase agreement to acquire U.S. Steel Canada, restoring the Stelco name. The deal includes tens of millions of dollars, pension protections, and environmental remediation, securing 2,100 jobs at Hamilton and Lake Erie facilities.

“Bedrock Industries is poised to take over a floundering U.S. Steel Canada, with the announcement Friday of a potentially historic purchase agreement.”thespec.com

• 1 source
• thespec.comBedrock agrees to buy Stelco, union remains skepticalJeff MahoneyDec 10, 2016

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