Only 10 people on the job at Yorkville facility.
YORKVILLE – An unidentified party may be close to buying the idled Ohio Cold Rolling Co. plant in Yorkville, one of several former Wheeling-Pittsburgh Steel plants sold following RG Steel’s 2012 bankruptcy.
Ohio Cold Rolling Co. President Jim Tennant announced the potential deal during a visit by Rep. Bill Johnson, R-Ohio, to the nearby Ohio Coatings plant. Esmark owns a majority interest in the shuttered plant and 50 percent of the active Ohio Coatings plant, which employs 88 people.
“On April 4, there was a letter of intent signed from an interested party to potentially invest and buy out part of the shares in both the Ohio Coal Rolling Co. as well as Ohio Coatings and that’s going through the due diligence phase right now,” Tennant said, noting the picture should become clearer over the next six weeks.
Tennant added that non-disclosure agreements prohibit…
According to John Minor, president and chief investment officer of JobsOhio, Ohio University’s integrated efforts toward economic development align well with the approach of JobsOhio.
On March 20, Minor and John Molinaro, president of the Appalachian Partnership for Economic Growth, visited Ohio University’s Athens campus, meeting with President Roderick J. McDavis, Steven Golding, vice president for finance and administration, and leadership from the College of Business, Voinovich School of Leadership and Public Affairs, Innovation Center, TechGROWTH Ohio, Edison Biotechnology Institute, Technology Transfer Office, Ohio Small Business Development Center, and Procurement Technical Assistance Center.
Minor pointed to the cooperation of Ohio University’s College of Business, Voinovich School of Leadership and Public Affairs, university funded programs, and community outreach that combine to create an ecosystem of entrepreneurship and job creation in Southeast Ohio.
“At our core, JobsOhio was created to keep businesses we have, help them expand, and bring new business here,” said…