Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Italian Government OKs ILVA Sale to ArcelorMittal-Led Group
06 June 2017 - A consortium led by ArcelorMittal has won the right to acquire Italy’s ILVA and its Taranto works, Europe’s largest steel facility.
Sandvik Sheds Steel Belts Business
02 June 2017 - Sandvik is divesting Sandvik Process Systems, its industrial process equipment business, to FAM AB for about US$579.2 million, the company has announced.
Two Submit Final Offers for Australian Steel Company
31 May 2017 - A steel producer and a private equity firm have submitted final bids for Australia’s Arrium Ltd., which collapsed into administration last year, according to the Reuters news agency.
The World's Biggest Steelmaker May Win Europe's Largest Steel Works
30 May 2017 - ArcelorMittal and steel re-roller Marcegaglia have been named the preferred bidders for Italy’s ILVA steel works, reports the (London) Financial Times.
Tsubaki Subsidiary Acquires Canadian Sprocket Manufacturer
26 May 2017 - U.S. Tsubaki Power Transmission LLC has announced that Tsubaki of Canada Ltd. has acquired a British Columbia-based maker of sprockets and drive components.
Linde, Praxair Reach Outline Agreement on Merger
24 May 2017 - U.S-based Praxair Inc. and Germany’s Linde AG have reached an agreement in principle to merge through an all-stock deal, creating the world’s largest industrial gases supplier.
Tata Steel to Split From U.K. Pension Fund
18 May 2017 - Tata Steel said it has reached an agreement in principle to sever ties with its U.K. pension fund, a move that if finalized would remove an obstacle to possible a merger with thyssenkrupp’s steelmaking operations.
Sandvik Looks to Exit Welding, Stainless Wire Business
17 May 2017 - Sandvik Materials Technology intends to divest parts of its wire business and is reorganizing the rest of its operations around four product areas, the company has announced.
Steel M&A Picks Up as Prices Recover
08 May 2017 - Rebounding steel prices and capacity cuts in China have triggered a wave of mergers and acquisitions, and plants once considered worthless are now attracting attention from investors, reports the Reuters news service.
Investment Firm Acquires Majority Stake in Steel Fabricator
01 May 2017 - New York-based investment firm Alleghany Capital Corp. has acquired a majority interest in W&W|AFCO Steel, one of the largest structural steel fabrication and erection companies in North America, the companies announced on Monday.
Lincoln Electric Signs Deal to Acquire European Counterpart
27 April 2017 - Welding equipment and consumables manufacturer Lincoln Electric Holdings Inc. is acquiring Air Liquide’s welding equipment subsidiary for about US$125 million, the company announced on Thursday.
U.K. Steelmaker to Acquire American Rod Mill
21 April 2017 - Liberty House Group, a commodities trader and steelmaker that has cobbled together a portfolio of U.K. production facilities, has a deal to acquire a shuttered mill in the United States.
Quaker Chemical, Houghton International Agree to Merge
10 April 2017 - Metalworking fluids maker Quaker Chemical Corp. is acquiring Houghton International Inc. through a deal valued at more than US$1.4 billion.
Aperam Finalizes Divestment of French Welded Tube Business
05 April 2017 - Stainless and specialty steel producer Aperam has the completed the sale of its French welded stainless tube business, the company has announced.
Investment Firm Finalizes Acquisition of Steel Processing Businesses
03 April 2017 - Z Capital Group has completed its acquisition of Gerdau SA’s Atmosphere Annealing LLC and NitroSteel LLC, the investment firm announced on Monday.
Report: Consortium Bids EUR1.6 Billion for Europe's Largest Steel Works
17 March 2017 - ArcelorMittal and partner Marcegaglia are offering 1.6 billion euros for Italy's Ilva steel works, outbidding a rival consortium, reports the Reuters news service.
Investment Firm Acquires Two Heat Treatment Businesses, Looks to Expand Operations
16 March 2017 - Long products producer Gerdau SA has agreed to sell two U.S. metal processing businesses for an undisclosed amount.
Italian Government Receives Two Offers for Europe's Largest Steel Works
08 March 2017 - Two consortiums have submitted binding offers for Italy’s ailing Ilva steel group and its Taranto steel works, Europe’s largest steel plant., according to reports
Nucor Adds to Steel Fabrication Business in Canada
02 March 2017 - Nucor Corp. has acquired the assets of Omega Joist, a Canadian manufacturer of open-web steel joists, for an undisclosed amount.
Completed Acquisition Expands Synalloy Subsidiary's Capacity, Capabilities
02 March 2017 - Synalloy Corp. subsidiary Bristol Metals has closed on its US$14.95 million acquisition of Marcegaglia USA’s pipe and tube operation in Pittsburgh, Pa., USA. The completed merger forms North America’s largest domestic producer of welded stainless pipe and mechanical tube, the company announced on Wednesday.
