M&A Deal Summary

Tenaris Acquires IPSCO Tubulars

On March 22, 2019, Tenaris acquired metals/mining company IPSCO Tubulars from TMK for 1.2B USD

Acquisition Highlights
  • This is Tenaris’ 1st transaction in the Metals/Mining sector.
  • This is Tenaris’ largest (disclosed) transaction.
  • This is Tenaris’ 1st transaction in the United States.
  • This is Tenaris’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2019-03-22
Target IPSCO Tubulars
Sector Metals/Mining
Buyer(s) Tenaris
Sellers(s) TMK
Deal Type Divestiture
Deal Value 1.2B USD

Target

IPSCO Tubulars

Camanche, Louisiana, United States
IPSCO Tubulars, Inc. is a U.S. domestic producer of seamless and welded OCTG and line pipe products, with an annual production capacity of 450,000 metric tons of steel bars, 400,000 metric tons of seamless pipe and 1,000,000 metric tons of welded pipe, and production facilities spread throughout the country.

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Buyer(S) 1

Buyer

Tenaris

Luxembourg, Luxembourg
Category Company
Founded 2001
Sector Energy Services and Equipment
Employees29,134
Revenue 14.9B USD (2023)
DESCRIPTION

Tenaris is a supplier of tubes and related services for the world’s energy industry and certain other industrial applications. The company delivers value to customers through product development, manufacturing excellence, and supply chain management. Tenaris was founded in 2001 and is headquarters in Luxembourg City.

DEAL STATS #
Overall 1 of 2
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 2
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-14 Bredero Shaw

Leiden, Netherlands

Bredero Shaw is a pipe coating business that includes nine plants located in Canada, Mexico, Norway, Indonesia, the UAE, and the US, and several mobile concrete plants. The business also includes R&D facilities in Toronto and Norway and a wide IP/product portfolio. Bredero Shaw is based in Leiden, Netherlands.

Buy $166M

Seller(S) 1

SELLER

TMK

Moscow, Russia
Category Company
Founded 2001
Sector Metals/Mining
Revenue 429.0B RUB (2021)
DESCRIPTION

TMK is a manufacturer and supplier of steel pipe for the oil and gas industry, operating more than 30 production sites in the United States, Russia, Canada, Romania, Oman, and Kazakhstan and two R&D centers in Russia and the USA. TMK was founded in 2001 and is based in Moscow, Russia.

DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-23 OFS International

Odessa, Texas, United States

OFS International LLC is a provider of oilfield and tubular services to the oil and gas industry.

Sell -
Mergr

Product

Company

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