M&A Deal Summary

Acerinox Acquires Haynes International

On February 5, 2024, Acerinox acquired metals/mining company Haynes International for 970M USD

Acquisition Highlights
  • This is Acerinox’s 2nd transaction in the Metals/Mining sector.
  • This is Acerinox’s largest (disclosed) transaction.
  • This is Acerinox’s 1st transaction in the United States.
  • This is Acerinox’s 1st transaction in Indiana.

M&A Deal Summary
Date 2024-02-05
Target Haynes International
Sector Metals/Mining
Buyer(s) Acerinox
Deal Type Add-on Acquisition
Deal Value 970M USD
Advisor(s) Jefferies (Financial)
Kirkland & Ellis (Legal)

Target

Haynes International

Kokomo, Indiana, United States
website
Haynes International is a developer, manufacturer and marketer of technologically advanced, nickel- and cobalt-based high-performance alloys, primarily for use in the aerospace, chemical processing and land-based gas turbine industries. Haynes International was founded in 1912 and is based in Kokomo, Indiana.

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Buyer(S) 1

Buyer

Acerinox

Madrid, Spain

website

Category Company
Founded 1970
Sector Metals/Mining
Employees8,153
Revenue 8.7B EUR (2022)
DESCRIPTION

Acerinox is a stainless steel manufacturer. Acerinox production network is made up of six factories, three of them integrated, spread over four continents: Europe, America, Africa and Asia. Our product sales, with more than 11,000 possible combinations, are conducted through a far-reaching commercial network operating with sales in 86 countries. Acerinox was founded in 1970 and based in Madrid, Spain.

DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-07 VDM Metals Holding

Werdohl, Germany

VDM Metals Holding GmbH is a producer of specialty nickel alloys. VDM develops and manufactures nickel, cobalt and zirconium alloys as well as high-alloyed special stainless steels. VDM Metals Holding GmbH was founded in 1930 and is based in Werdohl, Germany.

Buy €532M
Mergr

Product

Company

Legal