M&A Deal Summary

AK Steel Holding Acquires Severstal Dearborn

On July 21, 2014, AK Steel Holding acquired metals/mining company Severstal Dearborn from Severstal for 700M USD

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

M&A Deal Summary

Date 2014-07-21
Target Severstal Dearborn
Sector Metals/Mining
Buyer(s) AK Steel Holding
Sellers(s) Severstal
Deal Type Divestiture
Deal Value 700M USD

Target

Severstal Dearborn

Dearborn, Michigan, United States
Severstal Dearborn produces high-quality, flat-rolled steels primarily for the automotive, construction and appliance markets.

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Buyer(S) 1

Buyer

AK Steel Holding

West Chester, Ohio, United States

website


Category Company
Founded 1993
SectorMetals/Mining
Employees9,500
Revenue 6.8B USD (2018)
DESCRIPTION
Entrance to AK Steel's corporate headquarters in West Chester, Ohio.
Entrance to AK Steel's corporate headquarters in West Chester, Ohio.

AK Steel Holding Corp. is a producer of flat-rolled carbon, stainless and electrical steel products for automotive, appliance, construction and manufacturing markets, as well as tubular steel products. AK Steel Holding was founded in 1993 and is based in West Chester, Ohio.


DEAL STATS #
Overall 2 of 3
Sector (Metals/Mining) 2 of 2
Type (Divestiture) 2 of 2
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-02 Central Tubing Facility

United States

Central Tubing Facility, produces stainless steel tubing used primarily in the manufacture of passenger and light truck exhaust systems used throughout the U.S. and Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-10 Precision Partners Holding

Windsor, Ontario, Canada

Precision Partners Holding Co. is a manufacturer of engineered automotive tooling and hot & cold stamped solutions serving global OEMs and Tier 1 customers. Complexity and the specialized nature of product and service capabilities position Precision Partners Holding Company as a critical supply chain partner and one-stop solution provider for the tooling and stamping industry.

Buy $360M

Seller(S) 1

SELLER

Severstal

Moscow, Russia

website


Category Company
Founded 1955
SectorMetals/Mining
Revenue 6.9B USD (2020)
DESCRIPTION

Severstal is a Russian steel producer. Severstal was founded in 1955 and is based in Moscow, Russia.


DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 2 of 2
Type (Divestiture) 2 of 2
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2014) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 Severstal Columbus

Columbus, Mississippi, United States

Columbus is a North American mini-mill with an estimated annual hot roll production capacity of 3.4 million tons. Columbus produces a broad range of high-quality hot-rolled, cold-rolled and galvanized sheet products for customers primarily in the distributor, construction, automotive and pipe and tube markets. Columbus is strategically located in Mississippi to serve the high-growth markets in the Southern U.S. and Mexico.

Sell $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-29 Severstal Export Miami

Miami, Florida, United States

Severstal Export Miami Corp. is a distributor of steel products.

Buy -