Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Acquisition Extends Zekelman Industries' Reach in Hollow Structural Sections Market
23 February 2017 - Pipe and tube producer Zekelman Industries has acquired Alabama, USA-based American Tube Manufacturing Inc. for an undisclosed amount, Zekelman Industries has announced.
With a Deal to Divest Its Brazilian Mill, thyssenkrupp Exits Steelmaking in the Americas
22 February 2017 - thyssenkrupp AG is ending its decade-long steelmaking venture in the Americas, agreeing to sell its integrated mill in Brazil to Latin American producer Ternium for US$1.33 billion (EUR1.26 billion).
Ryerson Enhances Stainless Processing Business Through Acquisition
21 February 2017 - Metals distributor and processor Ryerson Holding Corp. has acquired Guy Metals Inc., a privately owned metals service center in Hammond, Wis., USA.
Zekelman Industries Finalizes Acquisition of Western U.S. Tubemaker
20 February 2017 - Zekelman Industries has closed on its acquisition of Western Tube & Conduit Corp. from Japan’s Nippon Steel & Sumitomo Metal Corp. and minority shareholders, the company has announced.
Tata Strikes Deal to Divest U.K. Specialty Steel Business
10 February 2017 - Tata Steel has reached an agreement to sell its U.K. specialty steel business to metals entrepreneur Sanjeev Gupta and his Liberty House Group for 100 million pounds, Tata has announced.
Stainless Producer Sheds Indiana Plate Mill
25 January 2017 - Outokumpu has divested its Indiana quarto plate mill for approximately EUR28 million, the stainless steelmaker has announced.
Tenova Acquires U.S.-Based Material Handling Systems Business
17 January 2017 - Tenova TAKRAF has acquired the assets of FMC Technologies’ materials handling systems unit for an undisclosed amount, the company has announced.
Tata Negotiating Pay-Out to End pension Fund Guarantee Held on Steel Plant
13 January 2017 - Trustees of Tata Steel’s U.K. pension fund are negotiating a potential pay-out from the steelmaker in exchange for releasing a guarantee held on its Dutch steel works, according to reports.
Danieli Acquires Italian Robotics Company
12 January 2017 - Danieli has acquired Italy’s Telerobot Labs, which designs and builds robotic systems for a number of fields, the equipment manufacturer has announced.
Commercial Metals Adds Scrap Capacity in Southeastern U.S.
12 January 2017 - A subsidiary of long products manufacturer Commercial Metals Co. has an agreement to acquire seven scrap facilities from OmniSource Corp., the company has announced.
Altra Industrial Finalizes Purchase of Clutches and Brakes Maker
06 January 2017 - U.S.-based Altra Industrial Motion Corp. has closed on its deal to acquire the Stromag unit of Britain’s GKN plc.
Konecranes Finalizes Terex Deal, Targets EUR140 Million in Synergies
04 January 2017 - Konecranes has closed on its deal to acquire the material handling and port solutions business of U.S.-based Terex Corp., the company has announced.
Tata Steel Acquires Iron Ore Processor
27 December 2016 - Tata Steel has an agreement to acquire an iron ore pellet maker that will its new Kalinganagar works in the Indian state of Odisha.
With Approvals in Hand, Konecranes Plans to Finalize Terex Deal in Early 2017
22 December 2016 - The European Commission has given the green light to a deal in which Finnish crane manufacturer Konecranes plc will sell its hoist and crane components business to an American company. The approval clears the way for Konecranes to finalize the sale of its port solutions and material handling business to U.S.-based Terex Corp.
Texas Rebar Mill Sold to Japanese Steelmaker
22 December 2016 - Japan’s Kyoei Steel Ltd. has acquired a Texas rebar mill for approximately US$52 million, the company said on Thursday.
Nucor to Buy Republic Conduit, Pushing Recent Pipe and Tube Investments to Nearly US$1B
15 December 2016 - Nucor Corp. has signed an agreement to acquire Republic Conduit from Luxembourg-based Tenaris S.A. for US$335 million, the steelmaker said on Thursday.
Acquisition Expands Texas Service Center's Processing Capabilities
15 December 2016 - North Shore Steel, a steel service center in Houston, Texas, has acquired the operating assets of Houston Blow Pipe, a 100-year-old plate processor, the company has announced.
Synalloy Acquiring Stainless Pipe and Tube Operation
13 December 2016 - A subsidiary of Virginia-based Synalloy Corp. is acquiring the stainless pipe and tube operations of Marcegaglia USA for US$15 million to US$16 million, the company announced on Tuesday.
Western Tube & Conduit Sold to Zekelman Industries
06 December 2016 - Zekelman Industries is acquiring Western Tube & Conduit Corp. for an undisclosed amount, the company announced on Tuesday.
Nucor Stakes Another Claim in HSS Market
06 December 2016 - Nucor Corp. has signed a deal to acquire Alabama-based Southland Tube Inc., America’s third-largest producer of hollow structural sections, for US$130 million.
