M&A Deal Summary

Michelin Acquires American Steel Cord Corp

On October 1, 1997, Michelin acquired metals/mining company American Steel Cord Corp

Acquisition Highlights
  • This is Michelin’s 1st transaction in the Metals/Mining sector.
  • This is Michelin’s 1st transaction in the United States.
  • This is Michelin’s 1st transaction in Indiana.

M&A Deal Summary
Date 1997-10-01
Target American Steel Cord Corp
Sector Metals/Mining
Buyer(s) Michelin
Deal Type Add-on Acquisition

Target

American Steel Cord Corp

Scottsburg, Indiana, United States
American Steel Cord Corp, Inc. makes metallic tire cords.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Michelin

Clermont-Ferrand, France
Category Company
Founded 1863
Sector Automotive
Employees117,540
Revenue 28.3B EUR (2023)
DESCRIPTION
View of Michelin's North American headquarters in Greenville, South Carolina.
View of Michelin's North American headquarters in Greenville, South Carolina.

Michelin is a manufacturer and marketer of tires for every type of vehicle, including airplanes, automobiles, bicycles/motorcycles, earthmovers, farm equipment and trucks. It also offers electronic mobility support services on ViaMichelin.com and publishes travel guides, hotel and restaurant guides, maps and road atlases. Michelin was founded in 1863 and is based in Clermont-Ferrand, France.

DEAL STATS #
Overall 1 of 20
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 15
State (Indiana) 1 of 1
Country (United States) 1 of 3
Year (1997) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Oliver Rubber Company

Greenville, South Carolina, United States

Oliver Rubber Company LLC manufactures and distributes tread rubber products.

Buy $69M
Mergr

Product

Company

Legal