M&A Deal Summary

Innoventive Industries Acquires Salem Steel North America

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2012-01-01
Target Salem Steel North America
Sector Metals/Mining
Buyer(s) Innoventive Industries
Deal Type Add-on Acquisition
Advisor(s) Angle Advisors LLC (Financial)

Target

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(S) 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 STATS #
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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