China Gerui Says Bouchard to Advise on North American Expansion
May 13 (Bloomberg) -- China Gerui Advanced Materials Group, a Chinese specialty steelmaker, said investor and former Shale-Inland Holdings LLC Chief Executive Officer Craig Bouchard will advise it on expanding in North America and around the world.
“We plan to globalize our business through accretive acquisitions while continuing to focus on organic growth opportunities,” China Gerui Chairman and CEO Mingwang Lu said in a statement today from Cambelle-Inland, Bouchard’s investment company. “During the next few years, we will create a blend of Chinese, American and European revenues.”
China Gerui, which is based in Zhengzhou, Henan Province, produces steel used in the food, packaging and construction industries, according to the statement. Cambelle-Inland said it’s an investor in the steelmaker.
Bouchard in December stepped down as CEO of Houston-based Shale-Inland, a steel distributor. Bouchard and his brother James founded Esmark Inc. in 2003 and expanded the company via acquisitions, including the hostile takeover of Wheeling-Pittsburgh Steel Corp., before selling it to Russia’s OAO Severstal for about $775 million in 2008.
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