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LATEST NEWS  Steel

July 29, 2008

Bri-Chem Corp. forges $11.2-million take-over of Weifang Steel Canada

EDMONTON

Bri-Chem Corp. has announced an $11.2-million deal to take over Weifang Steel Canada Ltd., a privately held distributor of pipe and other steel products in Western Canada and the United States. Weifang most recently had 12-month sales of $25.9 million and a pre-tax profit of $1.4 million.

Canadian Press

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