YORKVILLE - An unresolved issue involving the EPA has temporarily delayed Esmark's acquisition of RG Steel's Yorkville plant, officials said Monday.
Jim Bouchard, Esmark chairman and CEO, said the sale of the plant was to have closed by Friday at the latest, but a 2-year-old unresolved issue was brought to his attention the day before he intended to complete the $7 million purchase.
He still plans to complete the purchase, but added that needs to happen within the next few days to put the company in a position to successfully enter negotiations with potential tinplate customers for the coming year.
Tinplate contracts are traditionally negotiated once a year across the marketplace, Bouchard said during a visit to the plant and at local United Steelworkers hall.
His timetable for reaching a successful resolution is this Friday.
Local, regional and state politicians are being asked to assist in the matter, possibly through one of the state's brownfield remediation programs or resources.
After learning about RG Steel's revelation of an unresolved 2010 EPA issue at the Yorkville mill that reportedly involves questions about the handling of pickling solution, Bouchard said he felt he had no choice other than to delay completing the transaction until he could learn the full details about the problem and what was needed to fix it.
Bouchard was just hours away from completing the purchase of bankrupt RG Steel's Yorkville mill for more than $7 million when he had to halt the process after news shared by the current owner of the mill, RG Steel.
Loccisano writes for the The (Steubenville) Herald-Star.