Ipsco

Latest News

TMK Ipsco Lays Off 115 Employees in Beaver County, Penn., USA

20 May 2015 - According to the Pittsburgh Business Times, TMK Ipsco has laid off more employees in Beaver County, Penn., USA.

SSAB Rolls out New Name, New Leadership for North American Operations

16 June 2008 - Following completion of the sale of Ipsco Canada assets to Evraz Group, SSAB Svenskt Stal is rolling out a new corporate name and a new senior leadership team for former Ipsco steel production facilities in Mobile, Ala., and Montpelier, Iowa, plus cut-to-length lines in Houston, Texas; St. Paul, Minn.; and Toronto, Ont.

Evraz Welcomes Ipsco Canadian Assets with New Name, New Leadership

16 June 2008 - Evraz Group will operate its newly acquired Ipsco Canada assets plus its existing North American facilities—the former Oregon Steel, Rocky Mountain Steel Mills, and Claymont Steel—under the new name Evraz Inc. NA.

TMK Completes Transaction to Acquire IPSCO U.S. Assets

13 June 2008 - TMK, one of the world’s largest oil and gas pipe producers, today announces that it completed the acquisition of the U.S. companies and assets of IPSCO Tubular’s business from SSAB Svenkst Stal AB under a back-to-back transaction with Evraz S.A. (Evraz).

Evraz, TMK to Buy Ipsco Tubulars from SSAB

17 March 2008 - SSAB announces plans to divest Ipsco Tubulars to Evraz for $4,025 million in cash; Evraz will sell some of the U.S. based Ipsco Tubulars businesses to OAO TMK and its affiliates.

Ipsco Appoints General Manager for Montpelier Operations

27 November 2007 - Ipsco appoints steel industry veteran Ed DiCiccio as General Manager of its Montpelier, Iowa, steelmaking complex.

Core Furnace Installs Vacuum Degasser System for Ipsco

25 September 2007 - Core Furnace Systems completes start-up of a new 160-ton twin-tank vacuum degasser at Ipsco’s Montpelier facility.

Ipsco Unveils New Senior Management Team

20 July 2007 - Ipsco announces the appointment of its new senior management team following completion of the company’s acquisition by SSAB Svenskt Stal AB.

SSAB Completes Acquisition of Ipsco

19 July 2007 - SSAB Svenskt Stal AB has successfully completed its acquisition of Ipsco for U.S. $160 per share.

Ontario Superior Court Approves Ipsco-SSAB Plan of Arrangement

18 July 2007 - The Ontario Superior Court of Justice issues the final order approving the Plan of Arrangement for SSAB’s acquisition of all outstanding Ipsco shares.

Ipsco Shareholders Approve Arrangement with SSAB

17 July 2007 - Ipsco shareholders vote to approve the Plan of Arrangement for Svenskt Stal AB’s acquisition of outstanding Ipsco shares.

Canadian Authorities Approve Ipsco Plan of Arrangement

16 July 2007 - The Canadian Minister of Industry under the Investment Canada Act has granted approval of the Plan of Arrangement for SSAB’s acquisition of Ipsco’s outstanding shares for U.S.$160.00 per share; the deal has also been cleared by the Canadian Competition Bureau.

Ipsco Receives Consents for Cash Tender Solicitation

03 July 2007 - Ipsco has received consents from holders of approximately 99.15% of its outstanding 8-3/4 percent Senior Notes due 2013 for its previously announced tender offer and consent solicitation.

Ipsco Announces Cash Tender Offer and Consent Solicitation

19 June 2007 - Ipsco Inc. has commenced a cash tender offer to purchase any and all of its outstanding 8 3/4% Senior Notes due 2013, as well as a related consent solicitation to amend the indenture governing the Notes.

SSAB Gets Green Light for Ipsco Acquisition

13 June 2007 - Ipsco and SSAB Svenskt Stal announce the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for their proposed plan for SSAB to acquire Ipsco for a cash consideration of U.S. $160 per share.

Ipsco Announces Special Meeting and Record Dates

04 June 2007 - Ipsco’s Board of Directors has scheduled a special meeting for shareholders to vote on the proposal to adopt the Plan of Arrangement in which Ipsco would be acquired by SSAB Svenskt Stal AB.

SSAB to Acquire Ipsco

03 May 2007 - Ipsco and SSAB Svenskt Stal AB have entered into an agreement providing for SSAB to acquire Ipsco for U.S. $160 per share in cash, giving the deal a total equity value of U.S. $7.7 billion. The Boards of Directors for both companies have approved the transaction.