M&A Deal Summary

Jindal Tubular USA Acquires PSL North America

On August 29, 2014, Jindal Tubular USA acquired metals/mining company PSL North America for 104M USD

Acquisition Highlights
  • This is Jindal Tubular USA’s 1st transaction in the Metals/Mining sector.
  • This is Jindal Tubular USA’s largest (disclosed) transaction.
  • This is Jindal Tubular USA’s 1st transaction in the United States.
  • This is Jindal Tubular USA’s 1st transaction in Mississippi.

M&A Deal Summary
Date 2014-08-29
Target PSL North America
Sector Metals/Mining
Buyer(s) Jindal Tubular USA
Deal Type Add-on Acquisition
Deal Value 104M USD
Advisor(s) Duff & Phelps Corp. (Financial)

Target

PSL North America

Bay Saint Louis, Mississippi, United States
PSL North America LLC (“PSL NA” or the “Company”) is a manufacturer of large diameter, high pressure steel pipe utilizing state-of-the-art helical submerged arc welding (“HSAW”) technology.

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Buyer(S) 1

Buyer

Jindal Tubular USA

United States
Category Company
Sector Metals/Mining
DESCRIPTION

Jindal Tubular is part of the $18 billion O.P. Jindal Group and a U.S. step down subsidiary of Jindal SAW Ltd., which is one of the largest global manufacturers and suppliers of steel and iron pipe products. Jindal SAW’s principal products include large diameter submerged arc pipes and spiral pipes for the energy transportation sector; carbon, alloy, and stainless steel seamless pipes and tubes for use in industrial applications; and ductile iron pipes for water and wastewater transportation.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Mississippi) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
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