U.S. Markets open in 3 hrs 41 mins

MFC Industrial acquires 100% interest in F.J. Elsner & Co.

MFC Industrial announced that it acquired 100% interest in the F.J. Elsner & Co. based in Vienna Austria. Elsner's offerings include a full range of steel products including slabs, booms, billets, hot rolled steel plates, hot and cold rolled coils and sheets, reinforcing bars, galvanized material, pipes, tubers and merchant bars. Elsner has longstanding relationships with many steel mills in Eastern and Southern Europe as well as the Baltic States and the CIS. Revenue for the fiscal year ended June 30, 2013 was $160M.