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Veronica Garabelli// March 7, 2016//
Jemison Metals has purchased O'Neal Steel in Madison Heights, according to a news release issued Monday by Amherst County’s Economic Development Authority. The purchase price was not disclosed.
The purchase will help retain 15 jobs at O’Neal Steel. Jemison Metals also will hire 20 employees and invest approximately $2 million in new machinery over the next three years.
“All of us at Jemison Metals are extremely excited with the opportunity the Lynchburg operation presents Jemison to grow our business and expand our geographic footprint,” Peter Heinke, Jemison-Demsey LLC’s CEO, said in a statement.
The Lynchburg facility will become Jemison Metals fifth processing location. Other locations include Cleveland, Ohio; Sumter, South Carolina and Decatur and Gadsden, Alabama.
Jemison- Demsey LLC is a wholly owned subsidiary of Metal Solutions LLC, a Delaware corporation.
