M&A Deal Summary

DITH Acquires Kreher Steel

On August 7, 2016, DITH acquired metals/mining company Kreher Steel from Castle Metals

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

M&A Deal Summary

Date 2016-08-07
Target Kreher Steel
Sector Metals/Mining
Buyer(s) DITH
Sellers(s) Castle Metals
Deal Type Divestiture

Target

Kreher Steel

Melrose Park, Illinois, United States
Kreher Steel is a metals service center business that provides value-added processing and distribution services to a wide range of manufacturing end-markets across North America. Kreher Steel was formed in 1978 and is based in Melrose Park, Illinois.

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Buyer(S) 1

Buyer

DITH

Lugano, Switzerland

Category Company
Founded 1979
Sector Distribution
DESCRIPTION

DITH is a provider in the trading and distribution of steel and steel-making raw materials. DITH was founded in 1979 and is based in Lugano Switzerland.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Castle Metals

Oak Brook, Illinois, United States

Category Company
Founded 1890
Sector Distribution
Employees681
Revenue 368M USD (2020)
DESCRIPTION

Castle Metals is a metals and plastics distribution company. Castle Metals was incorporated in 1890 and is based in Oak Brook, Illinois.


DEAL STATS #
Overall 2 of 2
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-15 Total Plastics Int l

Kalamazoo, Michigan, United States

Total Plastics, Int'l is a distributor and value-added service provider of plastic sheet, rod, tube, film, tape and gaskets. The Company supplies over 15,000 product SKUs on a just-in-time basis to diverse end-markets, including Automotive, Industrial and Commercial Machinery, Plastic Processing & Products, Furniture & Fixtures, and Marine and Life Sciences. Total Plastics, Int'l was established in 1978 and is based in Kalamazoo, Michigan.

Sell $55M