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Auction set in March for former RG Steel equipment



Published: Fri, January 11, 2013 @ 6:15 p.m.

WARREN — The new owners of the former RG Steel mill on Pine Avenue have contracted with a Canadian auction house to sell off a sizable portion of its nonoperational and outdated equipment.

Maynard Industries, along with three other industrial auction houses, will conduct the event both on site and via webcast beginning March 12 and ending March 15.

“We have contracted with Maynard’s industries to sell off excess, nonessential mill equipment,” said Victor DiGeronimo, president of Independence Excavating in Cleveland, and a partner in BDM Warren Steel Holdings LLC, which purchased the mill in August for $17 million after RG Steel declared bankruptcy and closed it.

“The equipment being sold has not operated in numerous years and in no way affects our ability to continue to look for an operator for the steelmaking side of the mill,” he added.

For the complete story, read Saturday's Vindicator and Vindy.com


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