ATLANTA-Tampa, FL-based AmeriSteel Corp. has won approval from the US bankruptcy court in Akron, OH to buy a 92,000-sf plant in Cartersville, GA. The current owner is ailing Fairlawn, OH-based Republic Technologies International. Terms of the sale, which is scheduled to close in the end of June, were not disclosed.

The building is at the junction of US 41 and I 75. The industrial vacancy rate in this area northwest of Atlanta is above 17%, according to research.

AmeriSteel will retain the current Cartersville workforce in producing an estimated 60,000 tons of steel bars a year. Republic is reorganizing under Chapter 11 of the US bankruptcy code.

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