M&A Deal Summary

Evraz Acquires IPSCO Canada

On June 13, 2008, Evraz acquired oil/gas exploration company IPSCO Canada from IPSCO Tubulars for 2.9B USD

Acquisition Highlights
  • This is Evraz’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Evraz’s largest (disclosed) transaction.
  • This is Evraz’s 1st transaction in Canada.
  • This is Evraz’s 1st transaction in Alberta.

M&A Deal Summary
Date 2008-06-13
Target IPSCO Canada
Sector Oil/Gas Exploration
Buyer(s) Evraz
Sellers(s) IPSCO Tubulars
Deal Type Divestiture
Deal Value 2.9B USD

Target

IPSCO Canada

Calgary, Alberta, Canada
IPSCO Canada is a North American producer of steel plate, as well as pipe for the oil and gas industry.

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Buyer(S) 1

Buyer

Evraz

London, United Kingdom
Category Company
Founded 1992
Sector Metals/Mining
Employees71,591
Revenue 13.5B USD (2021)
DESCRIPTION

Evraz is a vertically integrated steel production and mining businesses with operations mainly in Russia, today announces it acquired 75% plus 1 share of Palini e Bertoli SpA. (“Palini & Bertoli”, “Palini”). Evraz was incorporated in 1992 and is based in London, United Kingdom.

DEAL STATS #
Overall 7 of 7
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 2 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2008) 3 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-14 NS Group

Newport, New York, United States

NS Group, Inc. is a manufacturer and supply of the tubular products to the energy market in North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-04 EVRAZ VÍTKOVICE STEEL a.s.

Ostrava, Czech Republic

EVS is a manufacturer of steel hot rolled products located in Ostrava in the Czech Republic. In 2013, EVS produced 571 thousand tonnes of steel products.

Sell $89M

Seller(S) 1

SELLER

IPSCO Tubulars

Camanche, Louisiana, United States
Category Company
Founded 1985
Sector Metals/Mining
DESCRIPTION

IPSCO Tubulars, Inc. is a U.S. domestic producer of seamless and welded OCTG and line pipe products, with an annual production capacity of 450,000 metric tons of steel bars, 400,000 metric tons of seamless pipe and 1,000,000 metric tons of welded pipe, and production facilities spread throughout the country.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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