Knox & Co. Announces Metal One Holdings America
FOR IMMEDIATE RELEASE
Knox & Co. completes acquisition for Metal One Holdings America,
Inc. and Coilplus Holdings America
Westport, CT, May 27, 2005 –
Knox & Co., and its affiliate, Knox Securities Corp. (jointly
herein after “Knox & Co.”), a leading investment
banking firm on middle-market and cross-border mergers and acquisitions,
and Mitsubishi Securities (USA), Inc. today announced that they
jointly acted as exclusive financial advisor to Metal One Holdings
America, Inc. (“MOHA”) in connection with the acquisition
of substantially all of the assets of Rafferty-Brown Steel Co. Inc.
of Conn. (“RBC”) and Rafferty-Brown Steel Co., Inc.
of NC (“RBN”) by its wholly-owned subsidiary, Coilplus
Holdings America (“CP”). RBC and RBN are value-added
processors, with locations in Waterbury, CT and Greensboro, NC respectively.
They specialize in supplying superior flat rolled sheet and strip
steel products including cold rolled, hot rolled pickled & oiled
as well as coated products. Processing capabilities include slitting,
cold rolling and traverse winding. CP management believes this acquisition
represents an ideal geographic expansion that will permit Coilplus
to both expand its customer base and better serve its existing and
newly acquired customers. Jeffrey Gaynor, Managing Director with
Knox, was lead banker on this transaction. He was assisted by Tomohiko
Watanabe, Vice President with Knox and MS. Transaction value was
Knox & Co. is an investment banking, consultancy and advisory
firm specializing in two complementary advisory disciplines: Investment
Banking and Corporate Reorganization. With its office in Westport,
Connecticut, the firm undertakes assignments throughout North America
and, when necessary, abroad. Knox & Co. conducts its securities-related
business through its wholly owned subsidiary, Knox Securities Corp.,
member NASD. Knox & Co. conducts its securities-related business
through its wholly-owned subsidiary Knox Securities Corp., member
NASD. In addition, the firm enjoys a strategic alliance with Mitsubishi
Securities Co., Ltd. (“MSC”), the core securities company
in Mitsubishi Tokyo Financial Group (“MTFG”). Together,
Knox and MSC have more than 80 M&A professionals capable of
handling transactions around the globe and, together are the leading
investment bank for middle-market, cross-border assignments involving
a Japanese principal.
Knox & Co. (www.knoxandco.com) has advised on more than 100
middle-market merger and acquisition and advisory assignments since
its inception, with in excess of $2 billion in transaction value.
The firm’s principals have worked on cumulative transactions
in excess of $15 billion.