American Steel Announces Acquisition

Fort Wayne based ECP American Steel, LLC announced today its Materials Handling Equipment Division has purchased the assets of Fort Wayne Structural Products Corporation (FWSPC) for an undisclosed amount. The acquisition will allow Materials Handling Equipment to strengthen and diversify its services and product offerings to current customers, as well as significantly broaden its customer base in the Midwest.

“We are pleased with the acquisition,” announced ECP President, Eric Stetzel. “Our Company’s collective customers will benefit from the expertise FWSPC has developed through over 30 years. These new capacities add value to the solutions ECP offers through its other family of businesses, including American Wire Rope & Sling. These services include the ability to design, manufacture, or supply a wide range of products including slings, wire rope, clamps, lifting devices, crane systems, crane services, conveyors, dock systems, lift trucks and automation.” Stetzel concluded, “We now can offer a complete turnkey solution providing a complete crane system, fully integrated into a building structure.”

:: About ECP American Steel, LLC::

ECP American Steel, LLC (www.awrsling.com ) is the corporate parent of American Wire Rope & Sling and Materials Handling Equipment, national fabricators and designers that supply crane systems, wire rope slings, chain slings, nylon slings and other related products, with offices currently in Fort Wayne, Indianapolis, and Mishawaka, Indiana. The company is an affiliate company of Equity Capital Partners, LLC, a Fort Wayne based capital investment and management company (www.equityinvestmentgroup.com ).

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