M&A Deal Summary

Ampco-Pittsburgh Acquires Åkers

On December 2, 2015, Ampco-Pittsburgh acquired metals/mining company Åkers from Altor Equity Partners

Acquisition Highlights
  • This is Ampco-Pittsburgh’s 2nd transaction in the Metals/Mining sector.
  • This is Ampco-Pittsburgh’s 1st transaction in Sweden.

M&A Deal Summary

Date 2015-12-02
Target Åkers
Sector Metals/Mining
Buyer(s) Ampco-Pittsburgh
Sellers(s) Altor Equity Partners
Deal Type Add-on Acquisition

Target

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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Buyer(S) 1

Buyer

Ampco-Pittsburgh

Carnegie, Pennsylvania, United States

Category Company
Founded 1929
Sector Metals/Mining
Employees1,697
Revenue 422M USD (2023)
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 2 of 3
Sector (Metals/Mining) 2 of 3
Type (Add-on Acquisition) 2 of 3
Country (Sweden) 1 of 1
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-29 Alloys Unlimited & Processing

Mineral Ridge, Ohio, United States

Alloys Unlimited & Processing, Inc. is a provider of specialty tool, alloy, and carbon steel round bar. It also provides a specialty services including precision saw cutting, CNC machining, rough turning and boring, heat treating, and trepanning.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 ASW Steel

Welland, Ontario, Canada

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.

Buy CA$13M

Seller(S) 1

SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 21 of 45
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 13 of 24
Country (Sweden) 8 of 17
Year (2015) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 Ewos AS

Bergen, Norway

Ewos is a supplier of feed and nutrition for the international aquaculture industry. Founded in 1935, the company operates in the world's four major salmon farming regions: Norway, Chile, Canada and Scotland.

Sell €1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 Piab

Taby, Sweden

Piab is a provider of smart solutions for the automated world, helping thousands of end users and machine producers in e-commerce logistics, food, pharma, automotive and other manufacturing industries to improve energy-efficiency, productivity and working environments. Piab was founded in 1951 and is based in Taby, Sweden.

Sell -