RG Steel Rakes In $72M For Baltimore Mill

Law360, Wilmington (August 10, 2012, 9:57 PM EDT) -- Bankrupt RG Steel LLC named buyers for its two main plants Friday, with its Sparrows Point mill in Baltimore going for $72 million to a group led by Commercial Development Co. Inc. and its Warren, Ohio, mill selling for $16 million to C.J. Betters Enterprises Inc.

After finding takers for most of its minor assets, RG Steel finally auctioned both of its big-ticket properties Aug. 7 following a week's delay, but had not announced the winning bidders prior to filing sales notices filed with the Delaware...
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