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Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
GFG Alliance Plans to Boost Steel Production in U.S.
16 January 2019 - GFG Alliance executive chairman Sanjeev Gupta said his company is considering plans to increase liquid steel production at its newly acquired Illinois wire rod mill and its restarted South Carolina facility.
European Commission Sets April Deadline for Review of Tata-thyssenkrupp Joint Venture
15 January 2019 - European Union competition regulators have extended the timeframe in which they expect to complete a review of Tata Steel and thyssenkrupp’s planned European joint venture, news and commodities pricing service S&P Global Platts reports.
GFG Alliance Completes Deal for U.S. Wire Rod Manufacturer
03 January 2019 - GFG Alliance has finalized its US$320 million acquisition of Keystone Consolidated Industries (KCI), a move that will help clear the way for a planned initial public offering, the company has announced.
Olympic Steel Expands Into Product Manufacturing Through Acquisition
03 January 2019 - Ohio-based service center Olympic Steel Inc. has acquired McCullough Industries Inc., a maker of branded self-dumping hoppers, through an all-cash deal, the company has announced.
Synalloy Signs Deal to Acquire American Stainless Tubing Inc.
06 December 2018 - Stainless pipe maker Synalloy Corp. is acquiring North Carolina-based American Stainless Tubing Inc. (ASTI) for US$27 million to US$28 million, Synalloy has announced.
Nucor Acquires Precision Castings Company in Mexico
05 December 2018 - Nucor Corp. is acquiring Mexican precision castings maker Corporacion POK S.A. de C.V. for an undisclosed amount, the steelmaker has said.
GFG Alliance Acquiring Second U.S. Wire Rod Mill
03 December 2018 - Six months after restarting a shuttered wire rod mill in South Carolina, British industrialist Sanjeev Gupta is expanding his U.S. steel holdings.
Gupta Pledges Multi-Million-Euro Investment in Romanian Steel Works
12 November 2018 - Sanjeev Gupta’s Liberty House Group is promising to invest EUR300 (US$337 million) in a Romanian steel works it is acquiring from ArcelorMittal, according to a Romanian publication.
Usha Martin Shareholders OK Tata Sale
12 November 2018 - Shareholders of Indian wire rope manufacturer Usha Martin Ltd. have signed off on Tata Steel’s planned acquisition of the business, The Hindu Business Line newspaper reports.
Big River Rolls On – On Its Own
08 November 2018 - Big River Steel, the technology company that happens to make steel, will be doing so independently, the company has said.
Commercial Metals Co. Completes US$600M Acquisition of Gerdau Long Mills
05 November 2018 - Gerdau has finalized its sale of four U.S. mini-mills and nearly three dozen rebar fabrication shops to Texas-based Commercial Metals Co., the steelmaker said on Monday.
Liberty House Expands Roster of Mills Yet Again
02 November 2018 - Metals entrepreneur Sanjeev Gupta and his Liberty House Group have reached a conditional agreement to buy two cold mills and other assets from ArcelorMittal, a strategic acquisition that expands the growing company’s presence in Europe.
ArcelorMittal Takes Control of One of EU’s Largest Steel Works
01 November 2018 - ArcelorMittal has finalized its deal to acquire Italy’s ILVA S.p.A., giving it control of the European Union’s largest steel works.
European Regulators Taking a Closer Look at Tata-thyssenkrupp Deal
30 October 2018 - The European Commission has opened an in-depth assessment of thyssenkrupp and Tata Steel Europe’s planned joint venture.
Essar Steel Creditors Give Nod to ArcelorMittal Offer
30 October 2018 - Essar Steel India Ltd.’s creditors have named ArcelorMittal as the successful bidder for the debt-laden business, accepting its US$6.8 billion offer.
To Avoid Tariffs, Metals Businesses Looking to Set Up Shop in U.S.
25 October 2018 - The Trump administration’s Section 232 tariffs on steel and aluminum is prompting some overseas companies to begin kicking around for acquisition targets as a way to avoid the tax, according to professional services firm PwC.
To Allow for Essar Steel Acquisition, ArcelorMittal Agrees to Pay Off US$1B in Debt
17 October 2018 - ArcelorMittal said it is prepared to pay off the equivalent of about US$1 billion in debt on two businesses in which it had held ownership stakes in order to win approval to buy another.
Liberty House Adds Four European Steel Plants to Growing List of Assets
12 October 2018 - Sanjeev Gupta’s Liberty House Group has signed an agreement to buy four ArcelorMittal facilities in Europe, an acquisition that will double its rolling capacity to more than 15 million metric tons annually.
Motion Industries Closes on Deal to Acquire Hydraulics Distribution Business
09 October 2018 - Industrial parts supplier Motion Industries Inc. has completed its acquisition of hydraulics and pneumatics distributor Hydraulic Supply Co., the company said on Monday.
Tata Expands Capacity With Usha Martin Acquisition
24 September 2018 - Indian wire rope manufacturer Usha Martin Ltd. is divesting its special steel plant and other upstream assets to Tata Steel for the equivalent of between US$589.6 million and US$644.5 million, the company has announced.
