M&A Deal Summary

Aperam SA Acquires Universal Stainless

On October 17, 2024, Aperam SA acquired metals/mining company Universal Stainless from Ascent Industries for 539M USD

Acquisition Highlights
  • This is Aperam SA’s 1st transaction in the Metals/Mining sector.
  • This is Aperam SA’s largest (disclosed) transaction.
  • This is Aperam SA’s 1st transaction in the United States.
  • This is Aperam SA’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2024-10-17
Target Universal Stainless
Sector Metals/Mining
Buyer(s) Aperam SA
Sellers(s) Ascent Industries
Deal Type Add-on Acquisition
Deal Value 539M USD

Target

Universal Stainless

Bridgeville, Pennsylvania, United States
Universal Stainless is a producer of semi-finished and finished specialty steel long products and plate, including nickel alloy, stainless steel, tool steel and aircraft quality low alloy steels, in a wide variety of grades and product forms. Universal Stainless was founded in 1994 and is based in Bridgeville, Pennsylvania.

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Buyer(S) 1

Buyer

Aperam SA

Luxembourg, Luxembourg
Category Company
Founded 2011
Sector Metals/Mining
DESCRIPTION

Aperam is a producer of stainless and speciality steel.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Aperam SA - Stainless Services & Solutions Tubes Business

France

Aperam SA - Stainless Services & Solutions Tubes Business is a manufacturer of pipes and fittings, due to the strong synergy potential coming from the complementarity of product range and customers, and its geographical proximity.

Sell -

Seller(S) 1

SELLER

Ascent Industries

Oak Brook, Illinois, United States
Category Company
Founded 1945
Sector Manufacturing
Employees514
Revenue 262M USD (2022)
DESCRIPTION

Ascent Industries encompasses a portfolio of highly respected manufacturing businesses including Manufacturers Chemicals, DanChem, CRI Tolling, Bristol Tubular Products, the stainless steel and galvanized pipe and tube operations of Marcegaglia USA, and American Stainless Tubing. Ascent Industries was founded in 1945 and is based in Oak Brook, Illinois.

DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 DanChem

Danville, Virginia, United States

DanChem is a custom manufacturer (toller) of fine and specialty chemical products providing capacity and technical support to major companies on a national and global scale. DanChem’s unique manufacturing technologies and flexibility enable to meet challenging customer needs within various end markets to include paints and coatings; fibers and textiles; agrochemicals; adhesives and sealants; performance polymers; additives; bio-based and renewable chemicals; water treatment; transportation; lubricants; personal care products; and pharmaceutical intermediates. DanChem was founded in 1960 and is based in Danville, Virginia.

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Mergr

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