M&A Deal Summary

ArcelorMittal Acquires Companhia Siderúrgica do Pecém

On July 28, 2022, ArcelorMittal acquired metals/mining company Companhia Siderúrgica do Pecém for 2.2B USD

Acquisition Highlights
  • This is ArcelorMittal’s 14th transaction in the Metals/Mining sector.
  • This is ArcelorMittal’s 2nd largest (disclosed) transaction.
  • This is ArcelorMittal’s 2nd transaction in Brazil.

M&A Deal Summary

Date 2022-07-28
Target Companhia Siderúrgica do Pecém
Sector Metals/Mining
Buyer(s) ArcelorMittal
Deal Type Add-on Acquisition
Deal Value 2.2B USD

Target

Companhia Siderúrgica do Pecém

Ceara, Brazil
Companhia Siderúrgica do Pecém is a modern steel company that uses clean, state-of-the-art technology and whose guidelines are based on sustainability in of its all aspects – environmental, social, and economic. Companhia Siderúrgica do Pecém is based in Ceara, Brazil.

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Buyer(S) 1

Buyer

ArcelorMittal

Luxembourg, Luxembourg

Category Company
Founded 1976
Sector Metals/Mining
Employees125,416
Revenue 62.4B USD (2024)
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 19 of 20
Sector: Metals/Mining M&A 14 of 14
Type: Add-on Acquisition M&A Deals 15 of 15
Country: Brazil M&A 2 of 2
Year: 2022 M&A 2 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 John Lawrie Group

Aberdeen, United Kingdom

John Lawrie Group provides key services to the oil and gas, construction, and utility sectors through its three divisions: Metals, which remains the largest metal recycler and exporter of processed scrap metal in North and North-East Scotland. Tubulars, which is a leading specialist in the trading of new and reusable tubulars for construction piling, and casing and drillpipe for oil and gas, around the world. Decom which provides decommissioning and recycling services to the oil and gas sector. John Lawrie Group was founded in 1930 and is based in Aberdeen, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-06 Vallourec

Meudon, France

Vallourec, through its subsidiaries, provides tubular solutions primarily for the energy markets and other industrial applications in Europe, North America, South America, Asia, and internationally. Vallourec was founded in 1895 and is based in Meudon, France.

Buy -