M&A Deal Summary

Ampco-Pittsburgh Acquires ASW Steel

On November 1, 2016, Ampco-Pittsburgh acquired metals/mining company ASW Steel for 13M CAD

Acquisition Highlights
  • This is Ampco-Pittsburgh’s 3rd transaction in the Metals/Mining sector.
  • This is Ampco-Pittsburgh’s largest (disclosed) transaction.
  • This is Ampco-Pittsburgh’s 1st transaction in Canada.
  • This is Ampco-Pittsburgh’s 1st transaction in Ontario.

M&A Deal Summary
Date 2016-11-01
Target ASW Steel
Sector Metals/Mining
Buyer(s) Ampco-Pittsburgh
Deal Type Add-on Acquisition
Deal Value 13M CAD

Target

ASW Steel

Welland, Ontario, Canada
website
ASW Steel, Inc. is a specialty steel-making facility located in Welland, Ontario, offering a unique combination of carbon, stainless, and other specialty steelmaking capabilities. Flexible steel refining methods include argon oxygen decarburization, vacuum oxygen decarburization, vacuum degassing, and ladle metallurgical station. ASW Steel's specialty metals and flexible steel refining methods allow for the production of various high-quality products.

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Buyer(S) 1

Buyer

Ampco-Pittsburgh

Carnegie, Pennsylvania, United States

website

Category Company
Founded 1929
Sector Metals/Mining
Employees1,565
Revenue 345M USD (2021)
DESCRIPTION

Ampco-Pittsburgh is a producer of forged and cast rolls for the worldwide steel and aluminum industries as well as ingot and open die forged products for the oil and gas, aluminum, and plastic extrusion industries. Ampco-Pittsburgh was founded in 1929 and is based in Carnegie, Pennsylvania.

DEAL STATS #
Overall 3 of 3
Sector (Metals/Mining) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 Åkers

Styckebruk, Sweden

Åkers is a producer of cast and forged rolls for the steel and aluminum industries. The company was founded in 1580 and roll production commenced in 1806. The company is headquartered in Åkers Styckebruk, Sweden.

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