Jobs Engine Sputters Again in April

Weak Employment Data Put Pressure on Obama’s Pitch of Economic Rebound

Wall Street Journal


U.S. job growth slowed in April, spooking markets and giving President Barack Obama a tougher sell as he tries to convince voters that the economy is on the mend.

The disappointing jobs report raised concerns that the economy, which appeared to be accelerating late last year and early this year, is bogging down again. The labor force shrank again last month, indicating more workers are throwing in the towel.

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Shale-Inland Announces Completion of Industrial Pipe, Valves and Fittings Acquisition


CHICAGO, March 27, 2012 /PRNewswire-Asia/ — Shale-Inland Holdings, LLC today announced the completion of its acquisition of the Industrial Pipe, Valves and Fittings business (“IPVF”) of HD Supply, Inc. IPVF is comprised of several businesses including Southwest Stainless and Alloy, J&J Alloys, Sunbelt Supply Co. and Metals Inc., collectively one of the nation’s largest master distributors of stainless steel, chrome, nickel alloys, aluminum and carbon pipe, plate, bar, valves, flanges and fittings – with a global footprint. The IPVF companies have been combined with Main Steel and Shale-Inland Stamping & Fabricating to form one of North America’s largest industrial supply companies.

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Behind the Deal: HD Supply & Shale-Inland Divestments Behind, HD Supply Plans to Focus on Core ‘Leadership Platforms’

HD Supply recently announced it would sell its Industrial PVF division to Shale-Inland Holdings. This article looks at the impact of the deal on both companies and what’s next for HD Supply.

Modern Distribution Management

VOL. 42, NO. 6

By Jenel Stelton-Holtmeier

The decision to sell off the industrial PVF division of HD Supply was an easy one, according to CEO Joe DeAngelo. “It was a lot more speculative a business than we wanted to be in,” he said in an interview with MDM. Because of its “tremendous” working capital requirements and volatile ties to commodity markets, the division also had very different operating characteristics than the remaining divisions of HD Supply. On the other side of the deal, where HD Supply saw a disconnect with its other businesses, Shale-Inland Holdings, a metals service center, saw a great complement. The division provides an inroad to the energy markets, a segment identified by Shale-Inland’s CEO Craig T. Bouchard as critical. “This has really been a vision of Shale-Inland to go in this direction,” Bouchard says. “We want to be the best metals provider into the energy segment.” In addition, Shale-Inland will be able to add plate metals to its existing portfolio through the Metals Inc. division of HD Supply’s IPVF business.

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Two-step Shale-Inland Deal Moves it Further into Energy Sector


By Jo Isenberg-O’Loughlin

NEW YORK — Shale-Inland LLC announced a pair of actions Monday that will put it on firmer footing in the energy sector. The moves by the Chicago-based company, established a year-and-a-half ago to capitalize on what its founders saw as a coming “renaissance” in North American manufacturing, will culminate in combining its metal and protective film distribution, stamping and fabrication assets with HD Supply Inc.’s industrial pipe, valves and fittings (IPVF) business, collectively one of the country’s largest master and industrial distributors of stainless steel, chrome, nickel and nickel alloys, aluminum and carbon steel pipe, plate, bar, coil, sheet, valves, flanges and fittings.

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Behind The Scenes: Shale-Inland’s Purchase Of HD Supply’s IPVF Division

Industrial Distribution

Abbigail Kriebs, Associate Editor

When Industrial Distribution heard about the sale of HD Supply’s IPVF Division to a much smaller distribution company named Shale-Inland, we were curious: what made this transaction possible? What went on behind the scenes to make this transfer happen? We spoke with both Joe DeAngelo, CEO of HD Supply, and Craig T. Bouchard, CEO of Shale-Inland, to get their scoop on the deal. Here is ID’s brief interview with Joe DeAngelo, and below it you will find an in-depth discussion with Craig Bouchard on what this transaction means for Shale-Inland going forward.

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Esmark Founder Bouchard Said to Agree to Buy HD Supply Unit

Bloomberg News

By Sonja Elmquist & Zachary R. Mider

Craig Bouchard, co-founder of steelmaker Esmark Inc., is close to announcing a deal to buy HD Supply Inc.’s pipe and valve distribution unit for about $500 million, said people with knowledge of the matter. Bouchard plans to combine the business with his steel distributor, Shale-Inland, said the people, who spoke on condition of anonymity as the transaction hasn’t been disclosed. TowerBrook Capital Partners LP, a New York-based private equity firm, is investing in the combined company and will have a majority stake, the people said.

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Shale-Inland, 3M Launch Laser Tape Line


NEW YORK – Shale-Inland LLC and 3M Co. have launched a family of protective laser tapes for the metal fabrication market.

Unlike traditional tapes, “the unique combination of film and adhesive in (the product) helps prevent ballooning, edge shredding and other problems associated with laser cutting,” the companies said Monday.

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3M Pursues Paint-less Cars with New Partnership


By John D. Stoll

3M Co (MMM.N) has signed a five-year commercial pact with a relatively new stainless steel and aluminum distributor to create a stable of so-called disruptive products, including technology that could eliminate the need for paint on automobiles.

The partnership, being announced on Monday with Chicago-based Shale-Inland, is the latest in a consistent string of acquisitions and joint-ventures that 3M has assembled in pursuit of reaching $50 billion in revenue. The Minneapolis diversified conglomerate wants to grow twice as fast as its fastest-growing competitors.

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60 Seconds, Craig Bouchard

The Hinsdalean

By Pamela Lannom

One of seven children • Has twin granddaughters • Attended Illinois State on a baseball scholarship • Is working to bring Cubs spring training to Naples • Helped found a mathematics software company • Spent 19 years in banking

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Report: Florida Group Backing Off Cubs Bid

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A Florida newspaper is reporting that the investors behind a bid to lure the Chicago Cubs away from their spring training home in Mesa have decided to step back.

The group reportedly wants to see how events unfold in Arizona.

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