M&A Deal Summary

Globe Specialty Metals Acquires Alden Resources

On August 1, 2011, Globe Specialty Metals acquired metals/mining company Alden Resources for 73M USD

Acquisition Highlights
  • This is Globe Specialty Metals’ 5th transaction in the Metals/Mining sector.
  • This is Globe Specialty Metals’ largest (disclosed) transaction.
  • This is Globe Specialty Metals’ 4th transaction in the United States.
  • This is Globe Specialty Metals’ 1st transaction in Kansas.

M&A Deal Summary
Date 2011-08-01
Target Alden Resources
Sector Metals/Mining
Buyer(s) Globe Specialty Metals
Deal Type Add-on Acquisition
Deal Value 73M USD

Target

Alden Resources

Corbin, Kansas, United States
Alden Resources LLC is a provider of miner, processor and supplier of specialty coal to the silicon and silicon-based alloy industries and thermal coal to the power industry.

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Buyer(S) 1

Buyer

Globe Specialty Metals

Miami, Florida, United States
Category Company
Founded 2004
Sector Metals/Mining
Employees1,684
Revenue 800M USD (2015)
DESCRIPTION

Globe Specialty Metals Inc. is a producer of silicon metal and silicon-based specialty alloys – critical ingredients in a host of industrial and consumer products with growing markets.

DEAL STATS #
Overall 6 of 6
Sector (Metals/Mining) 5 of 5
Type (Add-on Acquisition) 6 of 6
State (Kansas) 1 of 1
Country (United States) 4 of 4
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 Core Metals Group

Coraopolis, Pennsylvania, United States

Core Metals Group LLC is a producer, marketer, and distributor of ferroalloys and specialty materials for the North American steel and foundry industry. It markets and produces materials including ferrosilicon, ferrovanadium, ferromolybdenum, fluorspar, metallurgical process materials, and other ferroalloys.

Buy $52M
Mergr

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