M&A Deal Summary

BTS-Patriot Acquires Kloster Steel

On January 17, 2008, BTS-Patriot acquired metals/mining company Kloster Steel

Acquisition Highlights
  • This is BTS-Patriot’s 1st transaction in the Metals/Mining sector.
  • This is BTS-Patriot’s 1st transaction in the United States.
  • This is BTS-Patriot’s 1st transaction in Illinois.

M&A Deal Summary

Date 2008-01-17
Target Kloster Steel
Sector Metals/Mining
Buyer(s) BTS-Patriot
Deal Type Add-on Acquisition

Target

Kloster Steel

Chicago, Illinois, United States
Kloster Steel Corp. is a provider of highest quality tool steel products.

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Buyer(S) 1

Buyer

BTS-Patriot

Dover, New Hampshire, United States

Category Company
Founded 1971
Sector Metals/Mining
DESCRIPTION

BTS-Patriot is a value-added tool steel service provider, servicing the tool, die, machine and mold industries to customers located primarily in the eastern United States. Tool steel is used by manufacturers to create tools or molds that are used in most manufacturing processes. BTS imports different tool steel alloys from several domestic and foreign sources in sheet or rod form, then cuts, shapes and grinds to be distributed to manufacturers or tool makers.


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: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1