M&A Deal Summary

Evraz Acquires Oregon Steel Mills

On November 20, 2006, Evraz acquired metals/mining company Oregon Steel Mills for 2.3B USD

Acquisition Highlights
  • This is Evraz’s 2nd transaction in the Metals/Mining sector.
  • This is Evraz’s 2nd largest (disclosed) transaction.
  • This is Evraz’s 1st transaction in the United States.
  • This is Evraz’s 1st transaction in Oregon.

M&A Deal Summary
Date 2006-11-20
Target Oregon Steel Mills
Sector Metals/Mining
Buyer(s) Evraz
Deal Type Add-on Acquisition
Deal Value 2.3B USD
Advisor(s) UBS Investment Bank (Financial)
Covington & Burling
Schwabe, Williamson & Wyatt (Legal)

Target

Oregon Steel Mills

Portland, Oregon, United States
Oregon Steel Mills , Inc. manufactures and supplies of mental products.

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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 3 of 7
Sector (Metals/Mining) 2 of 3
Type (Add-on Acquisition) 3 of 4
State (Oregon) 1 of 1
Country (United States) 1 of 3
Year (2006) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-23 Palini e Bertoli

San Giorgio di Nogaro, Italy

Palini & Bertoli is one of Italy's largest producers of carbon steel plates, supplying mechanical and structural steel companies in Europe. It focuses on the specialist segment of the market where a wide range of thicknesses, flexibility and delivery times are required. A company backed by the Permira funds acquired Palini & Bertoli in November 1999.

Buy -
Mergr

Product

Company

Legal