ArcelorMittal Acquires Astralloy
07/02/2008 - ArcelorMittal has acquired Astralloy Steel Products, a subsidiary of IMS International Metal Service.
ArcelorMittal announced that it has acquired Astralloy Steel Products Inc., a subsidiary of IMS International Metal Service.
Astralloy operates three warehouses and employs 60 people in North America. Products feature a mix of wear-resistant products, including traditional steels Roc 500 and Roc 400 as well as high-tech steels Trip-L-Tuff®, Astralloy-V®, EB-450, Rol-Man®, and Linebacker.
Astralloy’s 2007 revenues were USD 34 million.
ArcelorMittal is the world's largest integrated metals and mining company, with over 310,000 employees in more than 60 countries. The company leads a number of major global markets, and holds leading R&D and technology, as well as sizeable captive supplies of raw materials and significant distribution networks. An industrial presence in over 20 countries across 4 continents exposes the company to key steel markets, from emerging to mature.
ArcelorMittal’s key financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10% of world steel output.
