Deacero USA Acquires Mid Continent Nail Corporation

Company will operate under new name Mid Continent Steel and Wire; David Libla will remain as president and CEO.

Raul, Sergio and David Gutierrez, owners of Deacero, S.A. de C.V., and David and Doug Libla co-owners of Mid Continent Nail Corporation announce the acquisition of Libla Industries, Inc., dba Mid Continent Nail Corporation, by Deacero USA, Inc., effective February 23, 2012.

Deacero, a family –owned company founded in 1952 in Monterrey, Mexico, is a leader in scrap processing, steel production, and mesh and wire products manufacturing with a presence in more than 20 countries in America and Europe. Mid Continent Nail Corporation, a family owned company since 1987, is one of the largest nail producers in the United States, manufacturing machine quality bulk nails and various types of collated nails for industrial and construction markets.

Mid Continent Nail’s name will change to Mid Continent Steel and Wire, Inc. and David Libla will continue as the President and CEO.