M&A Deal Summary

Globe Specialty Metals Acquires Core Metals Group

On April 1, 2010, Globe Specialty Metals acquired metals/mining company Core Metals Group for 52M USD

Acquisition Highlights
  • This is Globe Specialty Metals’ 4th transaction in the Metals/Mining sector.
  • This is Globe Specialty Metals’ 2nd largest (disclosed) transaction.
  • This is Globe Specialty Metals’ 3rd transaction in the United States.
  • This is Globe Specialty Metals’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2010-04-01
Target Core Metals Group
Sector Metals/Mining
Buyer(s) Globe Specialty Metals
Deal Type Add-on Acquisition
Deal Value 52M USD

Target

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.

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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 5 of 6
Sector (Metals/Mining) 4 of 5
Type (Add-on Acquisition) 5 of 6
State (Pennsylvania) 1 of 1
Country (United States) 3 of 4
Year (2010) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-29 Solsil

Beverly, Ohio, United States

Solsil, Inc. is a provider of high purity silicon manufactured through a proprietary metallurgical process, primarily used in silicon-based photovoltaic (solar) cells.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 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.

Buy $73M
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