M&A Deal Summary

Sumitomo Electric Acquires Keystone Powdered Metal

On September 6, 2016, Sumitomo Electric acquired metals/mining company Keystone Powdered Metal

Acquisition Highlights
  • This is Sumitomo Electric’s 1st transaction in the Metals/Mining sector.
  • This is Sumitomo Electric’s 2nd transaction in the United States.
  • This is Sumitomo Electric’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2016-09-06
Target Keystone Powdered Metal
Sector Metals/Mining
Buyer(s) Sumitomo Electric
Deal Type Add-on Acquisition

Target

Keystone Powdered Metal

St. Marys, Pennsylvania, United States
Keystone Powdered Metal Co. is a U.S. manufacture and sales of powdered metal machine components and assembly parts.

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Buyer(S) 1

Buyer

Sumitomo Electric

Osaka, Japan

Category Company
Founded 1897
Sector Manufacturing
Employees293,266
Revenue 4.40T JPY (2024)
DESCRIPTION

Sumitomo Electric is a manufacturer of electric wire and optical fiber cables. Sumitomo Electric was founded in 1897 and is based in Osaka, Japan.


DEAL STATS #
Overall 4 of 4
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 OCC

Yokohama, Japan

OCC was established in 1935 as Japan's first domestic manufacturer of submarine cables for telecommunication. OCC is a world leader in manufacturing high specification submarine and terrestrial cable systems and is the dominant provider of submarine cables in Asia with a market share of nearly 100% in Japan and over 80% in Asia. They are the leading provider of on-shore cables with long and stable client relationships.

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