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Steel firm merger finalized

TAMPA - Musselman Steel Corp. of Tampa said it completed a merger with Ivory Coast Inc. and will become a subsidiary of the public company. Musselman is a structural steel engineering and fabrication company that had $117,000 in profits on $13.3-million in sales for the most recent fiscal year, which ended Sept. 30. Its projects have included Airside F at Tampa International Airport, the Barnett Tower and the All Children's Hospital administration building, both in St. Petersburg, and Universal Studios in Orlando.

Ivory Coast was organized as a blind pool, a company that raises money from investors to buy other companies. Additional acquisitions are expected, said Norman H. Waite, vice president of Musselman and executive vice president of Ivory Coast. He said the company plans to move its headquarters from Denver to Tampa and will apply to have its stock listed on the National Association of Securities Dealers' computerized stock-quotation system.

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