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October 17, 2024
Aperam to buy Universal Stainless & Alloy Products
Universal Stainless & Alloy Products Inc. has agreed to be acquired by Aperam in an all-cash transaction....
By Dealmakers Staff
July 13, 2020
Sweden's Sandvik acquires Allied Construction
Sandvik Mining and Rock Technology is buying Cleveland-based Allied Construction Products LLC, a distributor of hydraulic hammers to the construction and mining industries and manufacturer of compactor plates and mounting brackets. Terms were not disclosed....
By Michael Marzec
June 8, 2020
Materion Agrees To Buy Optics Balzers In $160M Deal
With this acquisition, Materion intends to further accelerate its transformation into a global advanced materials solutions provider and significantly expand its geographic reach, extending beyond its core of North America to include Europe and Asia....
By SBN Staff
May 29, 2020
Tucker Ellis Advises Eagle Specialty Materials In Acquisition Of Wyoming Mining Assets
Tucker Ellis LLP partners Chris Hewitt and Jayne Juvan represented Eagle Specialty Materials LLC in its purchase of the Eagle Butte and Belle Ayr thermal coal mines located in the Powder River Basin in Campbell County, Wyoming, from Contura Energy Inc. and Blackjewel LLC....
By SBN Staff
April 30, 2020
U.S. Steel sells option in Minnesota iron ore mine
Stelco has entered an option agreement with U.S. Steel, granting Stelco a long-dated option to purchase a 25 percent ownership interest in a to-be-formed joint venture that will own 100 percent of U.S. Steel’s iron ore mine in Mt. Iron, Minnesota, and related infrastructure including the pellet plant....
By Jayne Gest
April 8, 2020
Novelis Clears Final Hurdle In Aleris Purchase
Atlanta-based Novelis Inc. has received the final clearance needed to complete its acquisition of Beachwood-Based Aleris Corp., a global supplier of rolled aluminum products....
By Michael Marzec
March 1, 2020
U.S. Steel buys remaining interest in USS-POSCO Industries
Pittsburgh-headquartered U.S. Steel has closed on the purchase of POSCO-California Corp.’s 50 percent partnership interest in USS-POSCO Industries. U.S. Steel and POSCAL believe ownership of UPI by a single group represents the best opportunity for UPI to continue operating effectively and serve its customers....
By Jayne Gest
February 5, 2020
SinterMet sold to V&A Capital
New York PE firm V&A Capital has partnered with the management team of SinterMet LLC to acquire the company, which is headquartered near Pittsburgh. The firm plans to support SinterMet’s growth through increased product offerings, entering new end-markets and searching for complementary add-on acquisitions....
By Jayne Gest
February 3, 2020
Alcoa completes waste treatment business sale
Alcoa Corp. has completed the sale of Elemental Environmental Solutions LLC, a wholly-owned Alcoa subsidiary that operates a 1,300-acre hazardous waste treatment business in Gum Springs, Arkansas....
By Jayne Gest
January 8, 2020
CONSOL invests in CFOAM Corp
CONSOL Energy Inc. made an initial investment in the coal-to-products space by acquiring a 25 percent equity interest in CFOAM Corp. for $3.5 million. The Canonsburg-based company hopes the transaction will provide a high-margin revenue stream and intriguing new opportunities in coal....
By Jayne Gest
January 6, 2020
Worthington buys majority ownership in Samuel Steel Pickling
Columbus-headquartered Worthington Industries Inc. has acquired a majority ownership of the Northern Ohio's Samuel Steel Pickling Co., a joint venture Worthington has had with Samuel, Son & Co. since 2010....
By Jayne Gest
January 2, 2020
Alcoa to sell Gum Springs Facility for $250M
Alcoa Corp., a Pittsburgh-headquartered provider of bauxite, alumina, and aluminum products, has agreed to sell its Gum Springs, Arkansas waste treatment facility, to Veolia ES Technical Solutions....
By Jayne Gest
December 31, 2019
Covia Takes Steps To Improve Financial Flexibility
In addition to the newly committed $85 million revolving credit facility, Covia is evaluating additional sources of liquidity to increase the total size of its standby liquidity....
By Mark Scott
December 18, 2019
Main Street Capital buys three metal manufacturers
Main Street Capital Holdings LLC, a Pittsburgh PE firm, has created a new platform to acquire companies in precision metal manufacturing. Compass Precision LLC was formed through the acquisition of Quality Products & Machine LLC, Advanced Machining & Tooling LLC and Tri-Tec Industries Inc....
By Jayne Gest
October 31, 2019
U.S. Steel completes Big River investment
United States Steel Corp. has completed its acquisition of a 49.9 percent ownership interest in Big River Steel for approximately $700 million, which implies an enterprise value of $2.325 billion. The transaction finalizes U.S. Steel’s first step toward full ownership and consolidation....
By Jayne Gest
October 18, 2019
Vorteq buys Western Metal Decorating
Vorteq Coil Finishers LLC has made a strategic acquisition of the assets of Western Metal Decorating, in order to broaden its processing capabilities and geographic reach. In addition, Vorteq is relocating its corporate headquarters from Oconomowoc, Washington, to Pittsburgh, to more centrally locate Vorteq to its footprint of assets....
By Jayne Gest
September 17, 2019
StonePoint buys Standard Gravel
The acquisition of Standard will complement and expand StonePoint's subsidiary Southern Aggregates LLC, the largest sand and gravel producer in Louisiana....
By Adam Burroughs
September 9, 2019
Chilean Cobalt raises $1.13M
Wayne-headquartered Chilean Cobalt Corp. has raised $1.13 million in angel funding, according to an SEC filing....
By Adam Burroughs
August 6, 2019
Arconic Announces $200 Million Accelerated Share Repurchase
Arconic Inc. has entered an accelerated share repurchase agreement with Goldman Sachs & Co. LLC to repurchase $200 million of Arconic’s common stock, pursuant to the share repurchase program previously authorized by the board....
By Jayne Gest
August 5, 2019
LumiShield raises $500K
Pittsburgh-based LumiShield Technologies, a spinoff company from Carnegie Mellon and the National Energy Technology Laboratory, has raised $500,000 of venture funding in the form of SAFE notes from undisclosed investors....
By Jayne Gest
July 31, 2019
Alcoa closes divesture of aluminum plants in Spain
Alcoa Corp. has completed a transaction with PE investment firm PARTER Capital Group AG, based in Schindellegi, Switzerland, for that firm to acquire Alcoa’s Spanish subsidiaries that own and operate the Avilés and La Coruña aluminum plants in Spain....
By Jayne Gest
July 5, 2019
Alcoa to sell aluminum plants in Spain
Alcoa Corp. has signed a conditional share purchase agreement with private equity investment firm PARTER Capital Group AG, based in Schindellegi, Switzerland, to sell its Alcoa Avilés and La Coruña aluminum plants in Spain....
By Jayne Gest
June 26, 2019
Alcoa divests minority interest in Saudi rolling mill
Alcoa has divested its interest in the Ma’aden Rolling Co., a can and auto sheet mill, by amending its joint venture with the Saudi Arabian Mining Co. in which Alcoa holds a 25.1 percent stake....
By Jayne Gest
June 13, 2019
Liberty Steel Buys Johnstown Wire Technologies
The transaction expands Liberty’s footprint in the U.S. steel downstream products market and adds to its ability to meet the Made in America specifications required for public infrastructure and utility contracts....
By Jayne Gest
May 13, 2019
M&A Outlook: Steel Service Centers
Industry players are looking for acquisitive growth, targeting value-added processing as a way to enhance margin and better navigate demand volatility, investment bank Brown Gibbons Lang reports....
By Michael Marzec
January 4, 2019
Olympic Steel buys McCullough Industries in all-cash purchase
Olympic Steel Inc. has acquired the assets of McCullough Industries Inc. of Kenton, Ohio, in an all-cash deal....
By Adam Burroughs
December 7, 2018
Majestic Steel acquires Titan Metal
The acquisition represents a significant step in Majestic's strategy to expand its business in the coated flat-rolled market....
By Adam Burroughs
November 26, 2018
Cleveland-Cliffs buying back up to $200M of shares
Cleveland-Cliffs will have the flexibility to buy up to $200 million worth of shares via acquisitions in the open market or privately negotiated transactions....
By Adam Burroughs
August 10, 2018
Michael Siegal: How I approach acquisition targets
The Olympic Steel CEO talks about being a chameleon, assessing culture and spending your time well....
By Mark Scott
June 8, 2018
Behind the scenes of the Fairmount-Unimin merger
CEO Jennifer Deckard discusses the relationship of the two companies, the factors that finally enabled them to merge and the powerful role that external M&A advisers played....
By Mark Scott
April 6, 2018
Olympic Steel adds Berlin Metals to its specialty metals segment
Berlin Metals, one of the largest service centers in North America, will continue to operate under its brand, and the management team....
By Adam Burroughs
March 29, 2018
Real Alloy noteholders win bid for company
he U.S. Bankruptcy Court approved the sale of Real Alloy to its noteholders, led by DDJ Capital Management, who submitted a stalking horse bid for total consideration valued at $364 million....
By Adam Burroughs
March 9, 2018
Noteholders agree to acquire Real Alloy for $364M
Despite the agreement, this isn’t necessarily a done deal. The noteholders could still be outbid ahead of the March 19 deadline....
By Adam Burroughs
February 9, 2018
Real Alloy gets bid for US, Europe operations
Noteholders are making a play to buy the distressed company as a "stalking horse" bidder,...
By Adam Burroughs
January 5, 2018
Aleris reportedly has new suitor
Bloomberg reports that India’s Hindalco Industries Ltd. is bidding for Beachwood-based Aleris....
By Adam Burroughs
December 15, 2017
Fairmount merging with Unimin
Merger will create a $2 billion provider of industrial raw materials with Fairmount CEO Jennifer Deckard expected to helm the business....
By Adam Burroughs
