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Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
FLANDERS Grows Customer Base Through Acquisition
21 December 2017 - U.S.-based power and control systems manufacturer and engineer FLANDERS Inc. has acquired an electric motor repair shop for an undisclosed amount, the company has announced.
Sandvik Strikes Deal to Sell Tooling Components Manufacturer
08 December 2017 - U.S.-based private equity firm KKR has reached an agreement to acquire Sandvik Hyperion, a manufacturer of industrial tooling components, for about US$472.3 million.
Mexican Furnace Maker Expands Through U.S. Acquisition
10 November 2017 - Industrial furnace manufacturer Nutec Bickley has acquired the key assets of U.S.-based Olson Industries for an undisclosed amount.
Competition Worries Prompt EU to Take Closer Look at ArcelorMittal-ILVA Deal
08 November 2017 - Competition regulators at the European Commission are taking a closer look at ArcelorMittal’s plan to acquire Italy’s ILVA, fearing that the deal may lead to higher prices for hot-rolled, cold-rolled and galvanized flat products, especially in southern Europe.
Commercial Metals Expands Product Lineup Through Acquisition
27 October 2017 - Commercial Metals Company (CMC) has acquired MMFX Technologies Corp., which licenses proprietary rebar grades, for an undisclosed amount.
Tata Executive: Spinoff of Merged European Business Will Be Later, Not Sooner
16 October 2017 - An anticipated spinoff of Tata Steel and thyssenkrupp’s European joint venture won’t happen for another two to three years, reports the Reuters news service.
U.S. Graphite Electrode Plants Sold to Japanese Manufacturer
04 October 2017 - Graphite electrode manufacturer Tokai Carbon Co. Ltd. has acquired SGL Carbon’s U.S. graphite electrode business for about US$114.4 million, giving the Japanese manufacturer a production presence in North America.
Official: Despite Opposition, Deal Between thyssenkrupp Management, Labor Over Tata Merger Is Attainable
04 October 2017 - The premier of thyssenkrupp’s home state, North Rhine-Westphalia in Germany, said he believes a deal between the company and its union employees could be reached over the proposed combination of its steel unit with Tata Steel, according to the Reuters news service.
Reliance Steel & Aluminum Expands Perforation Business Through Acquisition
03 October 2017 - Reliance Steel & Aluminum Co. has acquired Rhode Island-based Ferguson Perforating Co., a processor that specializes in producing highly engineered and complex perforated metals.
Cleveland-Cliffs Acquires Full Stake in Iron Ore Mine, Pellet Plant
02 October 2017 - Iron ore producer Cleveland-Cliffs Inc. has bought out its joint venture partner in a Michigan mine, the company said on Monday.
Report: In Tata-thyssenkrupp Combination, the Hammer Might Fall Hard on Port Talbot Works
02 October 2017 - As Tata Steel moves to combine its European strip operations with Germany’s thyssenkrupp, Tata’s integrated Port Talbot Works is likely to bear the brunt of cost reductions through the merger and in the event of an industry downturn, reports the Reuters news service.
Tata, thyssenkrupp Set Framework for Combining Steel Operations
20 September 2017 - Tata Steel and thyssenkrupp have signed a preliminary agreement to combine their European steel operations, creating a 50-50 joint venture that would be Europe’s second-largest steelmaker behind ArcelorMittal.
A Tata-thyseenkrupp Deal May – or May Not – Be Close
14 September 2017 - Now that Tata Steel has finalized the divorce between its European business and the legacy British Steel Pension Scheme, a deal to combine the operation with thyssenkrupp’s steel division may be close, according to the Reuters news service.
ArcelorMittal Appoints Leadership Team for Italy's Ilva
14 September 2017 - ArcelorMittal has named two executives to lead the facilities it is acquiring through its purchase of Italy’s Ilva.
Regulators Approve Tata Steel Pension Plan Divorce
11 September 2017 - U.K. officials have approved Tata Steel Europe’s plant to separate itself from its GBP15 billion British Steel pension plan, the steelmaker has announced.
Cargill Sells U.S. Service Centers
11 September 2017 - Cargill Inc. has agreed to sell its U.S. steel processing and distribution business to Japan’s Metal One Corp.
thyssenkrupp Shareholders Want a Tata Deal Done
08 September 2017 - thyssenkrupp shareholders would like to see the company combine its steel unit with Tata Steel’s European strip business by year’s end, reports the Reuters news service.
thyssenkrupp Finalizes Sale of Brazil Plant
07 September 2017 - thyssenkrupp has completed the sale of its CSA Siderúrgica do Atlântico mill in Brazil, bringing an official end to its North and South American steelmaking venture.
Commercial Metals Completes Divestment of Trading Unit
01 September 2017 - Commercial Metals Company has finalized the sale of its raw materials trading unit, CMC Cometals, the steelmaker has announced.
JSW Steel Looks At Foreign Investments
29 August 2017 - India’s JSW Steel plans to grow capacity to 40 million metric tons and is eyeing acquisitions at home and abroad, reports the PTI news agency.
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