Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
General Carbide Acquires Specialized Auto Tool and Die Business
23 January 2018 - Pennsylvania-based tooling maker General Carbide Corp. has acquired Only Tool, a tooling manufacturer that serves automotive suppliers.
Fives Expands Machine Tool Services Business Through Acquisition
09 January 2018 - Konecranes has sold its U.S.-based machine tool service unit to industrial engineer Fives for an undisclosed amount, Fives said on Tuesday.
Report: SAIL, ArcelorMittal Consider Joint Offer for Indebted Steelmaker
09 January 2018 - ArcelorMittal and the Steel Authority of India Ltd. (SAIL) reportedly are weighing a joint bid for India’s Bhushan Steel, which was forced into insolvency proceedings last year, reports financial portal moneycontrol.com.
ArcelorMittal Wades Deeper Into Solar Market
05 January 2018 - ArcelorMittal is acquiring the assets of a bankrupt manufacturer of solar farm trackers, the steelmaker has announced.
GFG Alliance Acquires Australian Coking Coal Mine
02 January 2018 - The family-owned company that acquired Australia’s Whyalla steel works last summer has a deal to buy a metallurgical coal mine that supplies it.
Investment Firm Acquires Steel Technical Center
27 December 2017 - An investment firm that owns metals and logistics businesses has acquired Heidtman Steel’s automotive steel technical center for an undisclosed amount.
thyssenkrupp, Union Reach Deal on Steel Joint Venture
26 December 2017 - Germany’s thyssenkrupp AG has come to terms on a labor agreement with its union workforce, a critical step toward finalizing the joint venture combination of its steelmaking business with Tata Steel Ltd.'s European operations.
Fives Expands Lineup of Pipe and Tube Machines
26 December 2017 - Machine builder and industrial engineer Fives has acquired the intellectual property of an Italian manufacturer of pipe and tube equipment.
Steelmaker Closes on Deal for Shuttered Wire Rod Plant
21 December 2017 - British steelmaker Liberty House Group has completed its acquisition of a closed wire rod plant in South Carolina and plans to restart production this spring.
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.
-(1).png?width=100&height=200&mediaprotectionhash=29c1568c81ef2e54bf081a1e471c9d1f441087a685089252057f80873c4ab664&ext=.png)
