Steel-producing company headed to North Jackson, jobs created

YOUNGSTOWN — A steel-producing company has entered into an agreement to acquire a North Jackson facility, which, if approved next week, will mean the creation of jobs in the Mahoning Valley, a company executive told Mahoning County commissioners today.

Paul A. McGrath, vice president of administration for Bridgeville, Pa.-based Universal Stainless & Alloy Products Inc., said his company agreed to buy Patriot Special Metals Inc.’s plant on South Bailey Road for $129.5 million, including $25 million for equipment installation, and hopes to close the purchase Tuesday.

Once approved, original and new equipment will be tested and installed, respectively, then operators could start being hired as soon as next month, McGrath explained, adding that he hopes the facility will be fully operational by year’s end.

In addition, he said, the acquisition will broaden production capabilities as well as expand product range and market niches for Universal, which is the parent company of North Jackson Specialty Steel LLC.

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