M&A Deal Summary

ArcelorMittal Acquires Bayou Steel

On February 17, 2004, ArcelorMittal acquired metals/mining company Bayou Steel for 475M USD

Acquisition Highlights
  • This is ArcelorMittal’s 1st transaction in the Metals/Mining sector.
  • This is ArcelorMittal’s 5th largest (disclosed) transaction.
  • This is ArcelorMittal’s 1st transaction in the United States.
  • This is ArcelorMittal’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2004-02-17
Target Bayou Steel
Sector Metals/Mining
Buyer(s) ArcelorMittal
Deal Type Add-on Acquisition
Deal Value 475M USD

Target

Bayou Steel

Harriman, Tennessee, United States
Bayou Steel Corp. is a producer of medium and light structural steel and bar size products.

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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 1 of 19
Sector (Metals/Mining) 1 of 14
Type (Add-on Acquisition) 1 of 15
State (Tennessee) 1 of 1
Country (United States) 1 of 2
Year (2004) 1 of 1
Size (of disclosed) 5 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-25 Arcelor S.A.

Luxembourg, Luxembourg

Arcelor S.A. is a steel producer. Arcelor products include flat carbon steel, long carbon steel, and stainless steel.

Buy €26.5B
Mergr

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