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Koehler: Keystone Steel sale is good news for Peoria Area

koehler 051618PEORIA – One of nation’s largest steel manufacturers has reached a deal to purchase a Peoria steel mill that has served the area since 1889.

The Dallas-based parent company of Keystone Steel and Wire, which is located on the south side of Peoria and employs nearly 1,000 people, announced this week that it will become part of Liberty Steel USA.

“The news today is great for the thousands of employees of Keystone Steel and the entire Peoria area,” State Senator Dave Koehler (D-Peoria) said. “We have always been and will continue to be immensely proud of our manufacturing traditions in Peoria as well as the thousands of workers that make it possible.”

Liberty Steel USA is owned by GFG Alliance, a UK-based company which has a presence in more than 30 countries. Its chairman, Sanjeev Gupta, said Keystone is a key piece to the company’s sustained success.

“The Keystone acquisition is a core part of GFG’s GREENSTEEL vision to become a leading U.S. producer of high quality, cleanly produced steel,” Gupta said. “As we look ahead to the future, GFG will benefit from Keystone’s century-long history, its robust operations, and its reputation for producing top quality steel.”

Koehler, who has a long track record of fighting for Keystone Steel and its workers, said he is excited at the Peoria plant’s prospects.

“GFG Alliance has a goal of becoming the nation’s leading steel producer, and a track record of reinvigorating local steel operations,” Koehler said. “The bottom line is this is good news for our area.”

The steel workers at KSW are represented by the Independent Steel Workers Alliance, an independent union based in Bartonville.

 

Sen. David Koehler


46th District

Years served:
Appointed December 2006; Elected 2008 - Present

Committee assignments: Agriculture (Vice-Chairperson); Local Government; Transportation; Committee of the Whole; Environment and Conservation (Chairperson); Labor.

Biography: Born and raised in South Dakota, moved to Peoria in 1978; B.A., Yankton College, 1971; M.A. in divinity, United Theological Seminary, 1974; staff member, National Farm Worker Ministry; community organizer and program manager, Peoria Friendship House; executive director, Peoria Area Labor Management Council; president, Labor Management Cooperative Health Programs Inc.; Peoria County Board member, 1982-88; Peoria City Council member, 1989-97 (mayor pro tem, 1993-94); first elected to Senate in 2006; married with three daughters, a son-in-law and two granddaughters.

Associated Representative(s): Michael Unes, Jehan A. Gordon-Booth