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M&A Deal Summary

Daido Steel Acquires TimkenSteel

On April 26, 2021, Daido Steel acquired metals/mining company TimkenSteel from Metallus for 7M USD

Acquisition Highlights
  • This is Daido Steel’s 1st transaction in the Metals/Mining sector.
  • This is Daido Steel’s largest (disclosed) transaction.
  • This is Daido Steel’s 1st transaction in China.

M&A Deal Summary
Date 2021-04-26
Target TimkenSteel
Sector Metals/Mining
Buyer(s) Daido Steel
Sellers(s) Metallus
Deal Type Divestiture
Deal Value 7M USD

Target

TimkenSteel

Shanghai, China
TimkenSteel (Shanghai) is a manufacturer of high-performance carbon and alloy steel products for automotive, energy, and a variety of industrial end markets.

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Buyer(S) 1

Buyer

Daido Steel

Nagoya , Japan
Category Company
Founded 1916
Sector Metals/Mining
Employees12,054
Revenue 574.9B JPY (2025)
DESCRIPTION

Daido Steel manufactures and sells steel products for automotive parts, industrial machinery parts, electrical machinery parts, construction, tool steel, etc. Daido Steel was formed in 1916 and is based in Nagoya, Japan.

DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Metallus

Canton, Ohio, United States
Category Company
Founded 2013
Sector Manufacturing
Employees2,000
Revenue 1.1B USD (2024)
DESCRIPTION
Metallus' headquarters in Canton, Ohio.
Metallus' headquarters in Canton, Ohio.

Metallus is a manufacturer of SBQ steel large bars (6-inch diameter and greater) and seamless mechanical tubing. Metallus was founded in 2013 and is based in Canton, Ohio.

DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 1
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