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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 M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Aperam - Stainless Services & Solutions Tubes Business

France

Aperam's Stainless Services & Solutions Tubes Business is a manufacturer of pipes and fittings in France, 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 178M USD (2024)
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 3 of 5
Sector: Metals/Mining M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2024 M&A 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Specialty Pipe & Tube

Mineral Ridge, Ohio, United States

Specialty Pipe & Tube is a distributor of hot finish, seamless, carbon steel pipe and tubing, with an emphasis on large outside diameters and exceptionally heavy wall thicknesses. Specialty Pipe & Tube was founded in 1964 and is based in Mineral Ridge, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-12 Bristol Metals

Bristol, Tennessee, United States

Bristol Metals is a manufacturer of Stainless, duplex, super duplex, 6 moly, nickel alloy and titanium welded steel pipe. Bristol Metals was founded in 1941 and is based in Bristol, Tennessee.

Sell $45M
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