M&A Deal Summary

ArcelorMittal Acquires Bakermet

On June 9, 2008, ArcelorMittal acquired environmental company Bakermet

Acquisition Highlights
  • This is ArcelorMittal’s 1st transaction in the Environmental sector.
  • This is ArcelorMittal’s 2nd transaction in Canada.
  • This is ArcelorMittal’s 1st transaction in Ontario.

M&A Deal Summary
Date 2008-06-09
Target Bakermet
Sector Environmental
Buyer(s) ArcelorMittal
Deal Type Add-on Acquisition

Target

Bakermet

Ottawa, Ontario, Canada
Bakermet, Inc. is a scrap metal recycler specializes in all types of ferrous and nonferrous metals, processed approximately 130,000 short tons of ferrous and 40 million pounds of nonferrous metals in 2007.

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Buyer(S) 1

Buyer

ArcelorMittal

Luxembourg, Luxembourg
Category Company
Founded 1976
Sector Metals/Mining
Employees126,756
Revenue 68.3B USD (2023)
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.

DEAL STATS #
Overall 11 of 19
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 9 of 15
State (Ontario) 1 of 2
Country (Canada) 2 of 3
Year (2008) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-01 Eisen Wagner

Ried im Innkreis, Austria

Eisen Wagner GmbH is a Austrian steel and metal distributors. The company operates five distribution and service centers, and offers its customers in Austria, Germany and Eastern Europe extensive services around the topic of steel and metal.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-25 Kuzbass Coal Mines

Russia

Kuzbass Coal Mines assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.

Buy -
Mergr

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