M&A Deal Summary

Phelps Dodge Acquires Cyprus Amax Minerals

On September 30, 1999, Phelps Dodge acquired metals/mining company Cyprus Amax Minerals for 1.8B USD

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

M&A Deal Summary
Date 1999-09-30
Target Cyprus Amax Minerals
Sector Metals/Mining
Buyer(s) Phelps Dodge
Deal Type Add-on Acquisition
Deal Value 1.8B USD

Target

Cyprus Amax Minerals

Englewood, Colorado, United States
Cyprus Amax Minerals Co. specializes in the mining, extraction, and marketing of and marketing of copper, coal, lithium, and molybdenum.

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Buyer(S) 1

Buyer

Phelps Dodge

Phoenix, Arizona, United States
Category Company
Founded 1834
Sector Metals/Mining
Employees15,000
DESCRIPTION

Phelps Dodge is a producer of copper and molybdenum and is the largest producer of molybdenum-based chemicals and continuous-cast copper rod. The company employs 15,000 people worldwide.

DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (1999) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-11-18 Accuride

Evansville, Indiana, United States

Accuride Corp. is a manufacturer and supplier of wheels and wheel-end components to the global commercial vehicle markets. The company’s products include steel and aluminum commercial vehicle wheels and wheel‐end components and assemblies; and steel wheels for the European automotive and global agricultural, construction, and industrial equipment markets. Accuride Corp. was founded in 1986 and is based in Evansville, Indiana.

Sell $480M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-04 IWG High Performance Conductors

Inman, South Carolina, United States

IWG High Performance Conductors, Inc. (dba as HPC) is a manufacturer of specialty high-performance conductors for aerospace, medical, automotive, computer, telecommunications, mass transportation, geophysical and electronics markets. HPC has manufacturing operations in Inman, South Carolina and Trenton, Georgia.

Sell $52M
Mergr

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