Business
DBM Global Announces Acquisition of Steel Fabrication Facility in Rock Hill, South Carolina
DBM Global Announces Acquisition of Steel Fabrication Facility in Rock Hill, South Carolina.
About this update from Dbm Global Inc
[{"type":"text","content":"\nPHOENIX, July 19, 2018 (GLOBE NEWSWIRE) -- DBM Global Inc. (OTC PINK:DBMG) (“DBM” or “Company”), a family of companies providing fully integrated structural and steel construction services, and an operating subsidiary of HC2 Holdings, Inc. (NYSE:HCHC), announced today that its subsidiary Schuff Steel Company has completed the acquisition of  a steel fabrication facility located in Rock Hill, South Carolina.  The 148,000 sq. ft. fabrication facility is located on approximately 45 acres of land with convenient rail access.  The company expects the facility to be operational by the fourth quarter of this year.\n “Expanding our manufacturing operations to York County, South Carolina through this acquisition will enhance Schuff Steel’s fabrication capabilities and capacity in the Eastern Region of the United States,” said Rustin Roach, Chief Executive Officer of DBM Global.  “Adding the Rock Hill facility and its painting capabilities to our existing facilities in Albany, Georgia; Humble, Texas; and Ottawa, Kansas, will help us continue to provide our customers across the U.S. with a uniquely comprehensive set of services, which in turn allows us to deliver increased value for our shareholders.” “We have worked closely with York County and the South Carolina Department of Commerce to secure this agreement, and we thank them for their efforts to facilitate our expansion into South Carolina.  We look forward to operating in this area, and intend to hire more than 180 people to work at this facility over the course of the next few years,” added Mr. Roach. Financial terms of the transaction were not disclosed, but DBM completed the acquisition with cash on hand.  About DBM Global Inc. DBM Global Inc. is focused on delivering world class, sustainable value to its clients through a highly collaborative portfolio of companies which provide better designs, more efficient construction and superior asset management solutions.  The Company offers integrated steel construction services from a single source and professional services which include design-assist, design-build, engineering, detailing, BIM co-ordination, steel modeling/detailing, fabrication, rebar detailing, advanced field erection, project management, and state-of-the-art steel ma...