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A. Finkl & Sons to sell to German steelmaker

December 8, 2006


Located at the eastern end of the Bloomingdale Line, A. Finkl & Sons has been a fixture on Chicago’s north side and its potential closure would mean big changes for the neighborhood. Finkl is one of the few remaining users of Canadian Pacific’s freight service to Goose Island, which previously used the Bloomingdale Line. Remaining freight users include Peerless Candy, General Iron and Big Bay Lumber.

 

From the press release:

 

A. Finkl & Sons Co., a specialty steel forging company on Chicago’s North Side, today announced it has signed an agreement to be acquired by SCHMOLZ+BICKENBACH AG, a leading global producer of high-grade steels headquartered in Dusseldorf, Germany. With the acquisition of Finkl, Schmolz+Bickenbach will become the world’s largest tool steel producer. Finkl, a dominant presence on Chicago’s North Side for more than 100 years, has outgrown its present location and sought a partner with the same commitment to excellence to make the necessary investments in construction of a new plant, the company said in announcing its merger plans.

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