M&A in Steel
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| Buyer | Target | Date | Turnover |
|---|---|---|---|
| ASD Limited | Atlantic Steel Processing | Jul 24 | 82 |
| Barrett Steel | Aartee Bright Bar | Mar 23 | n/a |
| Barrett Steel | British Steel Distribution depots | Mar 20 | n/a |
| Breal Capital | Pulman Steel | Nov 19 | 16.601 |
| Cedar Holdings | Stemcor | Jul 20 | 1740 |
| Esmark Steel Group | Amtex Steel | Nov 09 | n/a |
| GFG Alliance | Steelforce | Aug 19 | 18.2 |
| Hesteel | Duferco | Nov 14 | n/a |
| Hill & Smith | Capital Steel | Jan 24 | 8.1 |
| Jacquet Metals | Swiss Steel subsids | Oct 23 | 192.76 |
| Jiangsu Bojun | Chongqing Hyundai Steel Co | Aug 24 | n/a |
| Klockner | Lake Steel | Dec 10 | 66 |
| Klockner | Macsteel Service Centers USA | Apr 11 | 1800 |
| Klockner | National Material of Mexico | Dec 22 | 610 |
| Klockner | Primary Steel LLC | Apr 07 | 467 |
| Marubeni-Itochu Steel | B&M Steel | Oct 22 | 89.375 |
| More | Megasteel | Sep 22 | 27 |
| NLMK | Novexco / Novex Trading | Jan 08 | n/a |
| OneSteel Ltd | Fagersta | Sep 07 | 70 |
| Ovako | Tibnor Oy | Feb 15 | 88 |
| Reliance | Mid-West Materials | Apr 24 | 87 |
| Russel Metals Inc | 7 Kloeckner US service centres | Jan 26 | 500 |
| Russel Metals Inc | Boyd Metals | Nov 21 | 244 |
| Russel Metals Inc | Samuel Son & Co | Aug 24 | 609 |
| Russel Metals Inc | Tampa Bay Steel | Nov 24 | 65 |
| Ryerson | Central Steel & Wire | Jun 18 | 600 |
| San Polo Lamiere | Italpack | Nov 24 | n/a |
| Severstal | A Group Corporation | Apr 24 | n/a |
| Smith Stal | Stena Stal | Jan 24 | 7 |
| Steel Dynamics | United Steel Supply | Mar 19 | n/a |
| Tibnor | Sanistål A/S | Nov 18 | 211 |
| Trifast plc | Precision Technology Supplies | Apr 18 | 6.3364 |
| Worthington Steel | Kloeckner & Co | Jan 26 | 7110 |
| Van Leeuwen | Benteler Distribution | Aug 19 | 885 |
| Wegener GmbH | Ib Andresen Industri | May 24 | n/a |
Notes
- List of steel industry acquisitions shown above includes all types of distributors - including metal traders, service centres and steel stockholders.
- Turnover figures above are estimates for target company.
- Barrett Steel acquisition was of selected Aartee Bright Bar assets, from administration. These assets included several distribution depots. The Aartee hot rolled business in Dudley was not included in this takeover transaction.
- Cedar Holdings (who purchased Stemcor from Apollo) is China's largest private commodity trader.
- Full name of Jiangsu Bojun is the Jiangsu Bojun Industrial Technology Co.
- MSCUSA denotes Macsteel Service Centers USA.
- Tibnor is a subsidiary of SSAB. Its acquisition of Sanistal was an asset purchase.
- Ib Andresen Industri (IAI) has steel service centres in Denmark, Sweden and Norway.
- Russel Metals purchase from Samuel Son & Co included seven steel service centres. These included five depots in Western Canada (Winnipeg, Calgary, Nisku, Langley and Surrey) and two SSCs in the USA (Buffalo and Pittsburgh).
- United Steel Supply, with its HQ in Austin Texas, is a leading distributor of painted Galvalume® flat rolled steel. It has 4 distribution centers located in Mississippi, Indiana, Arkansas, and Oregon.
- Kloeckner operates roughly 110 locations across North America and Europe and supplies more than 60,000 customers.
Median Statistics
Based on the data above, the median revenue per employee of newly-acquired steel distributorships was ~$695. Contact us for further details and other acquisition metrics.
Spreadsheet Data
Full spreadsheet showing name of buyer, name of target company, country of target, acquired equity stake, acquisition date; and where known the approximate sales volume in kt/yr, cquisition cost in $m, number of employees, acquisition cost in $/t, acquisition cost in $/employee, target company productivity in $ sales / employees, financial metrics on turnover and profitability, and miscelllaneous notes regarding the transaction is available for purchase for $250.
Please note that the desktop version of this page displays the following fields: name of buyer, name of target, country of target, acquisition date, target firm turnover, target company number of employees.