MCM MANAGEMENT CORP. RECEIVES TRADE FINANCING FOR INDUSTRIAL SCRAP
Birmingham, Michigan – July 2010 – Angle Advisors is pleased to announce that MCM Management Corp. (“MCM” or the “Company”) has received trade financing for the preparation and exporting of industrial scrap from Metalloyd Ltd.
Based in Bloomfield Hills, MI, MCM is a leading industrial services company providing heavy rigging, environmental, demolition, nuclear demolition and specialty machinery rental services to select clients and federal agencies. Notable projects include GM’s Baltimore Assembly, Buick City, Tiger Stadium, and nuclear demolition services for Fluor Fernald. MCM, headquartered in Bloomfield Hills, MI, is a member of the National Association of Demolition Contractors, Association of Underground Contractors, Construction Association of Michigan and Midwest Building Trade Association.
The funding provided by Metalloyd will allow the acquisition and demolition of an idled integrated assembly plant spanning several million square feet. Scrap materials recovered from the site will be processed and sold directly to steel mills both domestically and internationally.
Metalloyd Ltd. is a UK based firm that supplies billet and finished steel, scrap, pig iron and iron ore, to a worldwide list of clients. Partnering with steel mills and processors, Metalloyd provides creative solutions to its clients and partners by employing various core competencies to ensure the right product, on time and correctly priced. The management team is has significant experience in steelmaking, processing, financing, marketing, and logistics. With a worldwide network of offices and professionals in principal manufacturing regions it can react quickly to changing supply/demand factors. Headquarters office is located in London, UK. Network locations include: USA, Canada, Russia, Ukraine, Czech, China, Taiwan, India, Korea, Indonesia, Germany, Italy, Spain, Serbia and Montenegro. Visit Metalloyd online at www.metalloyd.co.uk.
Angle Advisors is one of the country's leading middle-market investment banks, providing advisory services to both public and privately-held corporations, as well as private equity firms. The firm provides a complete portfolio of services, including merger and acquisition advisory, private capital raising, and financial analytical services. With offices in the U.S., Germany, the United Kingdom, and China, the firm is active in transactions across the globe. Please visit www.angleadvisors.com.