Tag: M&A

The deal is expected to close Friday, Feb. 13.

BlueScope’s new chief executive used her first public address to signal a faster, more aggressive phase for the steel company. She underscored the strength of its US operations and the rejection of a recent takeover proposal she said “materially undervalued” the business.

SMU interviews Worthington Steel CEO Geoff Gilmore about the recent Kloeckner & Co. buy.

Greer Steel Co. has been purchased by Mutares SE & Co., an international private equity holding company based in Munich.

BlueScope has rejected for the fourth time a takeover offer led by Steel Dynamics Inc., believing the offers to be significantly undervalued.

Australia's BlueScope Steel confirmed it has received a takeover bid from a two-party international consortium that includes Fort Wayne, Ind.-based Steel Dynamics Inc. (SDI).

The Mississauga, Ontario-based metals distributor is now the owner of Kloeckner's facilities in Dubuque, Iowa; Charlotte, N.C.; Suwanee, Ga.; Houston; Austin, Texas; Jacksonville, Fla.; and Pompano Beach, Fla.

Two bids remain for Italy’s shuttered ILVA steelworks, with one belonging to a company headed by steel veteran Alan Kestenbaum, according to a report in Bloomberg.

Triple-S Steel Holdings and a European partner have taken a major equity stake in Zimmer Staal, a steel distributor based at the Port of Antwerp in Belgium.

Worthington Steel is in talks to possibly take over German-based service center chain Klöckner & Co. SE, both companies have confirmed.

Lock Joint Tube has acquired the Tectron mechanical tube product line and associated manufacturing facility in De Pere, Wisc., from Atkore Inc.

Executives framed the all-stock deal as a path to scale, efficiency, and long-term growth despite ongoing weakness in the metals market.

Commercial Metals Co. (CMC) will acquire Newman, Ga.-based Foley Products Co. for $1.48 billion, making it the number three US precast concrete producer.

Canada's Nova Steel has fully acquired all of the assets of Ohio's Sheffield Steel Products.

Varsteel Ltd. announced two new strategic acquisitions. The Canadian service center stated that the acquisitions position it to meet a wider range of steel product needs.

Karla Lewis, president and CEO of Reliance Inc., told attendees of SMU’s Steel Summit 2025 that North America’s largest service center company is eyeing strategic opportunities in Mexico. 

Panelists laid out what they look for in mergers and acquisitions at SMU Steel Summit 2025 on Tuesday in Atlanta.

SunCoke Energy completed its previously announced $325-million acquisition of Phoenix Global on Friday, Aug. 1.

Independent galvanizer and coil coater AZZ Inc. has agreed to acquire Canton Galvanizing LLC.

Worthington Enterprises acquires HVAC products maker Elgen Manufacturing.

President Trump has approved the sale of U.S. Steel to Nippon Steel, according to an executive order signed on Friday, June 13. Both the Pittsburgh-based steelmaker and the Japanese steelmaker cheered the development.

The Ohio-based steel processor is now the majority owner of Italy's Sitem Group, which has six manufacturing sites across Italy, Switzerland, Slovakia, and France.

SunCoke Energy has purchased Phoenix Global, a metals and mining services company, for $325 million.

President Donald Trump on Friday gave his blessing to a $14-billion "partnership" between Nippon Steel and U.S. Steel.

POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.

South Korea’s POSCO is eyeing linking up with Hyundai Steel in the project to build a steel plant in Louisiana, according to media reports.

Investment firm Ancora Holdings Group has halted its play for U.S. Steel's board, citing Nippon Steel’s proposed bid for USS “gaining momentum.”

Ancora’s intention to replace U.S. Steel's leadership was first announced in late January.

The companies said Thursday that Radius shareholders will receive $30 per share in cash upon the deal’s closing, which is expected in the second half of this year.

Nippon Steel has agreed to “invest heavily in U.S. Steel as opposed to own it,” President Donald Trump said on Friday during a press conference with Japanese Prime Minister Shigeru Ishiba. U.S. Steel is “a very important company” and was once “the greatest company in the world”. Of potential foreign ownership of the Pittsburgh-based steelmaker, Trump said, “the concept, psychologically, not good."