Empire Resources Receives $12 Million Investment
Harpeth Capital is pleased to announce that it served as financial advisor to the Special Committee of the Board of Directors of Empire Resources, Inc. and issued a fairness opinion in connection with this investment. Fort Lee, NJ-based Empire Resources is a distributor of a wide range of semi-finished metal products to customers in the distribution, transportation, automotive, housing, appliance and packaging industries both domestically and internationally. It maintains supply contracts with mills around the world.
The investment was lead by Leon Cooperman, founder and principal of the hedge fund Omega Advisors, and included several members of the Company’s board of directors. A portion of the proceeds from the investment will be used to invest in and solidify supply agreements for the Company.