Divestiture • Metals/Mining

D Orazio Holdings Acquires New Castle Stainless Plate

On January 25, 2017, private equity firm D Orazio Holdings acquired metals/mining company New Castle Stainless Plate from Outokumpu for 28M EUR

Acquisition Context
  • This is D Orazio Holdings’ 1st transaction in the Metals/Mining sector.
  • This is D Orazio Holdings’ 0th largest (disclosed) transaction.
  • This is D Orazio Holdings’ 3rd transaction in the United States.
  • This is D Orazio Holdings’ 1st transaction in Indiana.

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M&A Deal Summary

Date January 25, 2017
Target New Castle Stainless Plate
Sector Metals/Mining
Buyer(s) D Orazio Holdings
Sellers(s) Outokumpu
Deal Type Divestiture
Deal Value 28M EUR

Target Company

New Castle Stainless Plate

New Castle, Indiana, United States
New Castle Stainless Plate is a producer of world-class specialty and standard grades of stainless steel. Its end markets include infrastructure, transportation, power generation, heavy chemical industries, and the oil & gas sector. New Castle Stainless Plate was founded in 1900 and is based in New Castle, Indiana.
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Buyer Overview 1

DESCRIPTION

D'Orazio Holdings is a private investment firm focused on control investments in profitable, lower middle-market North American companies with up to $100 million in annual revenue. D’Orazio will consider a variety of investment situations including ownership transitions, non-core divestitures, and recapitalizations. Sectors of interest include logistics, maintenance/repair, industrial manufacturing, supply-chain management, oil/gas, and energy products/services. D'Orazio Holdings was established in 2015 and is headquartered in Chicago, Illinois.


Deal Context for Buyer #
Overall 3 of 3
Sector: Metals/Mining 1 of 1
Type: Divestiture 1 of 1
State: Indiana 1 of 1
Country: United States 3 of 3
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-20 GLM Energy Services

Kenai, Alaska, United States

GLM Energy Services is a provider of components, maintenance, and repairs to gas turbines, centrifugal gas compressors, pumps, gearboxes, and generators in the energy industry. GLM Energy Services was founded in 1970 and is based in Kenai, Alaska.

Buy -

Seller Profile 1

SELLER

Outokumpu

Helsinki, Finland

Category Company
Founded 1910
Sector Metals/Mining
Employees8,300
Revenue 5.9B EUR (2024)
DESCRIPTION

?Outokumpu engages in the production of stainless steel with cold-rolling capacity of 2.4 million tonnes. The Company creates advanced materials that are efficient, long lasting and recyclable – helping to build a world that lasts forever. Stainless steel is an ideal material to create lasting solutions in demanding applications from cutlery to bridges, energy to medical equipment. Outokumpu was founded in 1910 and is based in Helsinki, Finland.


Deal Context for Seller #
Overall 2 of 2
Sector: Metals/Mining 2 of 2
Type: Divestiture 2 of 2
State: Indiana 1 of 1
Country: United States 1 of 1
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-30 SO.GE.PAR.

Milan, Italy

So.Ge.Par s.p.a, the Italian distributor of stainless steel.

Buy €335M