Sterling Construction Divests Distribution Business
Sterling Construction Company, Inc., Houston, TX, has sold its Pittsburgh, PA-based distribution business, Steel City Products, to The Bostwick-Braun Company of Toledo, OH, a privately-owned distributor of hardware and related items.
The selling price is estimated at $5.1 million plus Steel City Product's liabilities.
The sale is part of Sterling's focus on its core businesses. The distribution business represented less than 10% of Sterling's total revenues in 2005.
Sterling Construction Company is a heavy civil construction company that specializes in the building and reconstruction of transportation and water infrastructure in large and growing markets in Texas. Its transportation infrastructure projects include highways, roads, bridges and light ...