9,659.48 TRY BIST 100 BIST 100
37.83 USD USD USD
5.24 CNY CNY CNY
40.78 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
46.25 TRY Interest Interest
74.48 USD Fossil Oil Fossil Oil
33.77 USD Silver Silver
5.04 USD Copper Copper
102.21 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,803.99 TRY Gold (gr) Gold (gr)

Aperam acquires Universal Stainless for USD 539 million

Aperam's acquisition of US steel producer Universal Stainless & Alloy Products is important for the company's global strategy. With this deal, Aperam will not only increase its market share, but also move forward with its strategy to expand its geographical footprint and move into higher growth sectors.

Aperam acquires Universal Stainless for USD 539 million

Aperam sees this acquisition as a strategic step to offer a broader range of products to meet demand, particularly in the US market.

The USD 539 million acquisition will be completed in the first half of 2025, with Aperam providing bridge financing with the support of five major banks. Universal's specialization in aerospace and industrial applications aligns with Aperam's goal to reduce the company's circularity by increasing its product diversity.

Aperam's Luxembourg-based operations will gain better access to new markets in both Europe and the US. This synergy will provide the companies with an additional USD 30 million in annual benefits, creating opportunities to shorten lead times, reduce supply chain risks and enhance the customer experience. In particular, the lack of overlap in the commercial activities of the two companies makes it possible for Aperam to serve a wider customer base.

According to Timoteo Di Maulo, CEO of Aperam, the acquisition enhances the company's capacity to deliver high quality and sustainable solutions. With this step, Aperam not only deepens its specialization in stainless steel and alloys, but also aims to gain more exposure to more profitable and stable sectors.

Universal Stainless & Alloy Products employs 750 people with operations based in Bridgeville, Pennsylvania, USA. The company specializes in long products, particularly for the aerospace industry, and is expected to generate revenues of USD 330 million in 2024. With this acquisition, Aperam is reportedly one step closer to its goals of long-term growth and higher profit margins.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Russian coal exports fell sharply in March

Wednesday, April 2, 2025

Egypt's iron ore imports increased by 1.9%

Wednesday, April 2, 2025

Taiwan's Dragon Steel starts blast furnace maintenance after 15 years

Wednesday, April 2, 2025

Hydnum Steel and thyssenkrupp Materials Processing move for clean steel in Europe

Wednesday, April 2, 2025

India launches AD investigation into meth coke imports from six countries

Wednesday, April 2, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now