Pa. firm completes purchase of North Jackson facility

August 19, 2011 at 1:04p.m.

NORTH JACKSON — Universal Stainless & Alloy Products, Inc. of Bridgeville, Pa., has completed the purchase of assets of the Patriot Special Metals Facility in North Jackson, the Youngstown/Warren Regional Chamber announced today.

Universal is paying $104.5 million to buy the plant and is investing $25 million to complete equipment installation. It will also spend $6 million to add an electro slag re-melt furnace.

The company, which received a 60-percent property tax abatement from the Mahoning County commissioners last week, expects to employ 100.