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Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Columbus Castings to be Put on Auction Block in July
16 June 2016 - Constellation Enterprises LLC, the bankrupt parent of Ohio-based Columbus Castings, is planning to sell the business through an auction after a proposed private sale was called off, reports the Columbus (Ohio) Business First newspaper.
Two Potential Buyers Said to Have Bids on U. S. Steel Canada
15 June 2016 - A private equity firm and an industrial conglomerate have entered the final stage of bidding for U. S. Steel Canada, which is operating under creditor protection as it seeks a buyer, reports The Hamilton Spectator newspaper.
Report: Tata Pushes Back Decision on Sale of U.K. Business
09 June 2016 - Tata Steel apparently is going to give itself more time to consider the fate of its struggling U.K. business, extending the timeline for naming a preferred bidder for the operation, reports the (London) Financial Times.
Reports: U.K. Government May Loan Tata Steel Millions to Keep It from Leaving
03 June 2016 - Tata Steel, which in March announced that it no longer thought it could make steel profitably in the U.K. and would exit the market, may not leave after all.
Metals Trader Announces Plans to Expand U.K. Mill
31 May 2016 - Metals executive Sanjeev Gupta and his firm, Liberty House, plan to nearly double the capacity of its Welsh rolling mill and add 2 million metric tons of liquid steelmaking capacity there, the firm announced on Tuesday.
Columbus Castings Files for Chapter 11 Bankruptcy
18 May 2016 - America’s largest single-site foundry and its parent company have filed for bankruptcy protection and the plant is to be sold to an unidentified buyer, according to Dow Jones Daily Bankruptcy Review.
Japan's No. 1 Steelmaker Strikes Deal to Buy Out Its No. 4 Rival
16 May 2016 - Japan’s largest steelmaker is acquiring a majority stake in the country’s fourth-largest producer, Nisshin Steel Co., as a defense against the supply glut, reports The Japan Times.
Terex Cancels Merger With Konecranes, But Strikes a Different Deal
16 May 2016 - U.S.-based Terex Corp. has halted its planned merger with Finland’s Konecranes Oyj, but will instead sell its materials handling and port solutions business to Konecranes in a deal valued at approximately US$1.28 billion, according to reports.
Tata Sets its Eye on Seven Bids -- Maybe More -- for U.K. Business
11 May 2016 - Seven preliminary offers for Tata Steel’s U.K. business have passed an initial review and will receive further consideration from the company. And it may add others to the list, Tata has announced.
Steel Companies Look to Buy Italian Steel Works
09 May 2016 - Italian steel processor Marcegaglia Group and ArcelorMittal have made an offer for the Ilva mill, Italy’s largest steel works, reports the Reuters new agency.
Two Teams Vying for Tata Steel's U.K. Business
09 May 2016 - The deadline to submit preliminary offers for Tata Steel's U.K. division has passed, and details of the two investment teams looking to buy the operation have emerged.
Newly Acquired Long Products Business Names Three to Executive Team
04 May 2016 - Black Diamond Capital Management, the private equity firm that acquired much of ArcelorMittal’s U.S. long carbon business earlier this year, is assembling its new executive team and has appointed industry veteran Robert Simon to its helm.
Vallourec Completes Sale of Heat Exchanger Tube Business
02 May 2016 - French tubemaker Vallourec has closed on its divestment of its heat exchanger tube business, the company has announced.
Halliburton, Baker Hughes Call Off the Wedding
02 May 2016 - Oilfield services companies Halliburton and Baker Hughes Inc. have called off their multibillion merger amid the energy slump and opposition from regulators.
Metals Trader Completes Acquisition of Scottish Plate Mills
28 April 2016 - Metals trading firm Liberty House has closed on its acquisition of two Tata Steel plate mills in Scotland, the firm has announced.
German Equipment Manufacturer Acquires Capco Machinery Systems
22 April 2016 - Germany’s Heinrich Georg GmbH is expanding its North American presence, acquiring roll grinder manufacturer Capco Machinery Systems for an undisclosed amount.
Chinese Steelmaker Signs Agreement to Buy Serbian Mill
18 April 2016 - China’s Hebei Iron and Steel Group has signed an agreement to buy an unprofitable steel mill in Serbia, according to reports.
ThyssenKrupp CEO: We Want to Be a Part of European Steel Consolidation
15 April 2016 - If thyssenkrupp chief executive Heinrich Hiesinger had his druthers, the company would take part in a consolidation of Europe’s steel industry, perhaps getting together with Tata Steel’s European operation.
U.S. Toolmaker Expects New Marketing Opportunities Through European Acquisition
14 April 2016 - U.S.-based toolmaker Allied Machine & Engineering Corp. has closed on a deal to acquire the remaining interests in its European subsidiary, Allied Maxcut Engineering Co. Ltd. U.K., the company has announced.
U.K. Government Might Consider Investment in Tata Steel Sale
12 April 2016 - The U.K. government might “co-invest” with whomever acquires Tata Steel’s U.K. operation, according to reports.
