A. M. Castle & Co. Signs Multi-Year Agreement with United Steelworkers
October 23 2006 - 11:15AM
PR Newswire (US)
FRANKLIN PARK, Ill., Oct. 23 /PRNewswire-FirstCall/ -- A. M. Castle
& Co. (AMEX:CAS), a leading global distributor of specialty
metal and plastic products, services and supply chain solutions,
announced today that on Sunday, October 22, 2006 members of the
United Steelworkers Union ratified a 4-year collective bargaining
agreement through September 30, 2010. The agreement covers 278
employees at the Company's facilities located in Franklin Park,
Illinois; Bedford Heights, Ohio; and Kansas City, Missouri. "The
new agreement allows us to continue to effectively serve our
customers while providing fair improvements in wages and benefits
for our employees. We are very pleased that we were able to reach
an agreement and are looking forward to focusing on future growth
and driving shareholder value together," commented Mike Goldberg,
President and CEO of A. M. Castle. About A. M. Castle & Co.
Founded in 1890, A. M. Castle & Co. provides highly engineered
materials and value added services to a wide range of companies
within the producer durable equipment sector of the economy. Its
customer base includes many Fortune 500 companies as well as
thousands of medium and smaller-sized firms spread across a wide
spectrum of industries. Within its core metals business, it
specializes in the distribution of carbon, alloy and stainless
steels; nickel alloys; and aluminum. Through its subsidiary, Total
Plastics, Inc., the Company also distributes a broad range of
value-added industrial plastics. Together, Castle operates over 65
locations throughout North America and Europe. Its common stock is
traded on the American and Chicago Stock Exchange under the ticker
symbol "CAS". Safe Harbor Statement / Regulation G Disclosure This
release may contain forward-looking statements relating to future
financial results. Actual results may differ materially as a result
of factors over which the Company has no control. These risk
factors and additional information are included in the Company's
reports on file with the Securities Exchange Commission.
DATASOURCE: A. M. Castle & Co. CONTACT: Larry A. Boik, Vice
President-Finance & CFO of A. M. Castle & Co.,
+1-847-349-2576, , or Analysts, Katie Pyra of Ashton Partners,
+1-312-553-6717,
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