M&A Deal Summary

Gerdau Ameristeel Acquires Hearon Steel

On July 4, 2008, Gerdau Ameristeel acquired metals/mining company Hearon Steel

Acquisition Highlights
  • This is Gerdau Ameristeel’s 2nd transaction in the Metals/Mining sector.
  • This is Gerdau Ameristeel’s 2nd transaction in the United States.
  • This is Gerdau Ameristeel’s 2nd transaction in Oklahoma.

M&A Deal Summary
Date 2008-07-04
Target Hearon Steel
Sector Metals/Mining
Buyer(s) Gerdau Ameristeel
Deal Type Add-on Acquisition

Target

Hearon Steel

Muskogee, Oklahoma, United States
Hearon Steel Co., Inc. is a provider of steel products in the United States.

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Buyer(S) 1

Buyer

Gerdau Ameristeel

Tampa, Florida, United States
Category Company
Founded 1970
Sector Metals/Mining
Employees7,850
DESCRIPTION

Gerdau Ameristeel Corp. is a company in the production and distributor of long steel in the America.

DEAL STATS #
Overall 2 of 3
Sector (Metals/Mining) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Oklahoma) 2 of 3
Country (United States) 2 of 3
Year (2008) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-12 Sheffield Steel

Sand Springs, Oklahoma, United States

Sheffield Steel Corp. is a manufacturer and seller of steel products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-31 Sand Springs Metal Processing

Sand Springs, Oklahoma, United States

Sand Springs Metal Processing Corp. is a provider of recycling and selling of ferrous and non ferrous scrap metal.

Buy -
Mergr

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