Add-on Acquisition • Metals/Mining

Innoventive Industries Acquires Salem Steel North America

On January 1, 2012, Innoventive Industries acquired metals/mining company Salem Steel North America

Acquisition Context

This is Innoventive Industries’ 1st transaction in the Metals/Mining sector.
This is Innoventive Industries’ 1st transaction in the United States.
This is Innoventive Industries’ 1st transaction in New Jersey.

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M&A Deal Summary
Date	January 1, 2012
Target	Salem Steel North America
Sector	Metals/Mining
Buyer(s)	Innoventive Industries
Deal Type	Add-on Acquisition
Advisor(s)	Angle Advisors (Financial)

Target Company

Salem Steel North America

Paramus, New Jersey, United States

Salem Steel NA, LLC represents international producers of DOM - ERW and seamless tubing, supplied in carbon and alloy grades; as well as welded and seamless stainless steel tubing and pipe.

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Buyer Overview 1

Buyer

Innoventive Industries

Pune, India

Category	Company
Founded	1991
Sector	Automotive

DESCRIPTION

Innoventive is a manufacturer of high quality precision tubes and tube-based auto components, as well as wires and other steel-related products. Innoventive Industries was founded in 1991 and is based in Pune, India.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Metals/Mining	1 of 1
Type: Add-on Acquisition	1 of 1
State: New Jersey	1 of 1
Country: United States	1 of 1
Year: 2012	1 of 1

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