Schuff International, Inc. Purchases Steel Fabrication Facility in Eloy, Arizona...

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Tue Sep 2, 2008 12:45pm EDT

Schuff International, Inc. Purchases Steel Fabrication Facility in Eloy, Arizona to Meet Growing Demand in Western Markets

PHOENIX--(Business Wire)--
Schuff International, Inc. (OTC: SHFK), a family of companies
providing fully integrated steel construction services, has purchased
a steel fabrication plant and certain other assets from
California-based competitor, Strocal, Inc. This strategic purchase was
made to provide Schuff with the additional steel fabrication capacity
needed to support regional and end-market growth.

   Located approximately 60 miles south of downtown Phoenix, the Eloy
plant sits on 44 acres of land with over 130,000 square feet under
roof. Built in 1997, this facility has an annual capacity of more than
30,000 tons of specialty fabricated steel.

   Schuff Steel Company, the largest steel fabricator and erector in
the United States, will operate the new Eloy location. With four
Arizona fabrication facilities in Phoenix, Gilbert, Flagstaff and now
Eloy, Schuff further enhances its ability to service the Western U.S.
market.

   "We're very excited about this latest addition to our company.
This location and added capacity will help us deliver more of our
specialty services to the Western region," said Scott A. Schuff,
president and CEO of Schuff International. "Contractors and owners
alike understand the cost and schedule advantages of bringing Schuff
on-board early to assist with preconstruction design, engineering and
cost analysis. In particular, our clients continue to seek our
expertise in Design-Build, Design-Assist and 3D/Building Information
Modeling (BIM). Our ability to provide our clients with innovative
structural steel solutions remains unmatched in the industry."

   Including this latest purchase, Schuff International, Inc. owns
and operates nine steel fabrication plants and two steel joist
manufacturing plants. Companies are located in Arizona, California,
Colorado, Florida, Georgia, Kansas, Nevada, and Texas.

   About Schuff International, Inc.

   Schuff International, Inc. (OTC: SHFK) and its family of steel
companies is the largest steel fabrication and erection company in the
United States. The 32-year-old company is experiencing record growth
with major projects in progress throughout the country. Schuff offers
integrated steel construction services from a single source.
Professional services include design-build, design-assist,
engineering, BIM participation, 3D steel modeling/detailing,
fabrication, advanced field erection, joist and joist girder
manufacturing, project management, and single-source steel management
systems. Major market segments include industrial, public works,
bridges, health care, gaming and hospitality, convention centers,
stadiums, mixed-use and retail, transportation, and international
projects. Schuff International, Inc., which is headquartered in
Phoenix, Ariz., owns and operates nine steel fabrication plants and
two steel joist manufacturing plants. Companies include Schuff Steel
Company located in Arizona, Nevada and California; Schuff
Steel-Midwest Division located in Overland Park, Kan., Ottawa, Kan.,
Chicago, Ill. and Denver, Colo.; Schuff Steel-Gulf Coast, Inc.,
located in Houston, Texas; Schuff Steel-Atlantic, Inc., located in
Orlando, Fla., Albany, Ga. and Atlanta, Ga.; Schuff Steel Management
Company-Southwest, Inc., located in Gilbert, Ariz.; and Quincy Joist
Company located in Quincy, Fla. and Buckeye, Ariz. Schuff employs
approximately 2,000 people throughout the country. For more
information, visit www.schuff.com.

   Certain statements in this news release may contain
forward-looking information within the meaning of the Private
Securities Litigation Reform Act of 1995, and are subject to the safe
harbor created by those rules. All statements, other than statements
of fact, included in this release, including, without limitation,
statements regarding potential future plans and objectives of the
company are forward-looking statements that involve risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. These risks and
uncertainties include, but are not limited to, the company's ability
to successfully and timely complete construction projects; the
company's ability to convert backlog into revenue; the potential
delay, suspension, termination, or reduction in scope of a
construction project; forecasted regional and end-market growth; the
continuing validity of the underlying assumptions and estimates of
total forecasted project revenues, costs and profits and project
schedules; the outcomes of pending or future litigation, arbitration
or other dispute resolution proceedings; the availability of borrowed
funds on terms acceptable to the company; the ability to retain
certain members of management; the ability to obtain surety bonds to
secure its performance under certain construction contracts; possible
labor disputes or work stoppages within the construction industry; the
ability of project owners to obtain financing for projects; and
actions taken or not taken by third parties, including the company's
customers, suppliers, business partners, and competitors and
legislative, regulatory, judicial and other governmental authorities
and officials. The company cautions that these forward-looking
statements are further qualified by other factors. The company
undertakes no obligation to publicly update or revise any statements
in this release, whether as a result of new information, future events
or otherwise.

Papagalos Strategic Communications
Ann Papagalos
P) 602-279-2933, Ext. 105 / C) 602-702-0524
ann@papagalos.com

Copyright Business Wire 2008
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