M&A Deal Summary

Nippon Steel and ArcelorMittal Acquire ThyssenKrupp Steel USA

On November 29, 2013, Nippon Steel and ArcelorMittal acquired metals/mining company ThyssenKrupp Steel USA from thyssenkrupp for 1.6B USD

Acquisition Highlights
  • This is Nippon Steel’s 1st and ArcelorMittal’s 10th transaction in the Metals/Mining sector.
  • This is Nippon Steel’s and ArcelorMittal’s 3rd largest (disclosed) transaction.
  • This is Nippon Steel’s 1st and ArcelorMittal’s 2nd transaction in the United States.
  • This is Nippon Steel’s 1st and ArcelorMittal’s 1st transaction in Alabama.

M&A Deal Summary

Date 2013-11-29
Target ThyssenKrupp Steel USA
Sector Metals/Mining
Buyer(s) Nippon Steel
ArcelorMittal
Sellers(s) thyssenkrupp
Deal Type Add-on Acquisition
Deal Value 1.6B USD

Target

ThyssenKrupp Steel USA

Calvert, Alabama, United States
ThyssenKrupp Steel USA is a steel processing plant with a total capacity of 5.3 million tonnes including hot rolling, cold rolling, coating and finishing lines.

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Buyer(S) 2

Buyer

Nippon Steel

Tokyo, Japan

website


Category Company
Founded 1950
Sector Metals/Mining
Employees106,226
Revenue 6,808.9B JPY (2022)
DESCRIPTION
Nippon Steel's corporate headquarters in Tokyo, Japan.
Nippon Steel's corporate headquarters in Tokyo, Japan.

Nippon Steel is a major steel manufacturing company. The Company's operations encompass a wide range of activities, including steelmaking, rolling, and processing, catering to diverse industries such as automotive, construction, machinery, and shipbuilding. Through its global network of production facilities and sales offices, Nippon Steel remains a significant player in the steel manufacturing landscape, contributing to economic growth and industrial development on a global scale. Nippon Steel was founded in 1950 and is based in Tokyo, Japan.


DEAL STATS #
Overall 1 of 3
Sector (Metals/Mining) 1 of 3
Type (Add-on Acquisition) 1 of 2
State (Alabama) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-02 Essar Steel India

Mumbai, India

Essar Steel is a fully-integrated steel manufacturer committed to growth and innovation, with a global footprint that stretches across steel markets in India, the Middle East and Africa. Essar Steel India is an integrated steel producer with an annual production capacity of 10 million tonnes. Essar Steel’s manufacturing facility comprises ore beneficiation, pellet making, iron making, steel making, and downstream facilities including cold rolling mill, galvanising, pre-coated facility, steel processing facility, extra wide plate mill and a pipe mill. The steel plant located at Hazira has modern infrastructure like a power plant and a port that can handle 30 million tonne cargo annually.

Buy -
Buyer

ArcelorMittal

Luxembourg, Luxembourg

website


Category Company
Founded 1976
Sector Metals/Mining
Employees168,000
Revenue 53.3B USD (2020)
DESCRIPTION

ArcelorMittal is a provider of steel producer and mining company. Guided by a philosophy to produce safe, sustainable steel, it is the supplier of quality steel products in all major markets including automotive, construction, household appliances and packaging. ArcelorMittal was incorporated in 1976 and is based in Luxembourg City, Luxembourg.


DEAL STATS #
Overall 15 of 19
Sector (Metals/Mining) 10 of 14
Type (Add-on Acquisition) 12 of 15
State (Alabama) 1 of 1
Country (United States) 2 of 2
Year (2013) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-21 Skyline Steel

Parsippany, New Jersey, United States

Skyline Steel LLC is a premier steel foundation distributor serving the U.S., Canada, Mexico and the Caribbean. Skyline distributes high quality products to service the most challenging applications including marine construction, bridge and highway construction, heavy civil construction, storm protection, underground commercial parking, and environment containment projects in the infrastructure and construction industries.

Sell $605M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-15 Gallatin Steel

Ghent, Kentucky, United States

Gallatin Steel Company is a producer of flat-rolled products, with an annual capacity of approximately 1,800,000 tons.

Sell $770M

Seller(S) 1

SELLER

thyssenkrupp

Essen, Germany

website


Category Company
Founded 1811
Sector Diversified
Employees101,592
Revenue 41.1B EUR (2022)
DESCRIPTION

thyssenKrupp is a multinational conglomerate corporation. thyssenKrupp is separated into two divisions Materials and Technologies. The Materials division produces carbon steel, stainless steel, and as well as produces material services while the Technology Division focuses on elevator, plant and components technology, and marine solutions. thyssenKrupp was founded in 1811 and is based in Essen, Germany.


DEAL STATS #
Overall 6 of 11
Sector (Metals/Mining) 1 of 3
Type (Add-on Acquisition) 2 of 3
State (Alabama) 1 of 1
Country (United States) 2 of 2
Year (2013) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-31 The Waterjet Group

South Yorkshire, United Kingdom

The Waterjet Group is a major UK waterjet cutting company for the aerospace industry. The company has several waterjets and related value add equipment, a large number of aerospace approvals and to a smaller extent also serves other high-tech industries, including the medical technology sector. The Waterjet Group operates out of a site near Leeds. With its equipment the company is able to process a wide range of materials and sizes for the European and international customer base.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Alimex Metallhandelsgesellschaft mbH - Aerospace Operations

Germany

Alimex Metallhandelsgesellschaft mbH - Aerospace Operations comprises the business unit that processes and distributes aluminum mill products including rod, sheet, and plate for the aviation industry.

Buy -