M&A Deal Summary

thyssenkrupp Acquires BenMet NY

On July 4, 2013, thyssenkrupp acquired metals/mining company BenMet NY

Acquisition Highlights
  • This is thyssenkrupp’s 4th transaction in the Metals/Mining sector.
  • This is thyssenkrupp’s 5th transaction in the United States.
  • This is thyssenkrupp’s 3rd transaction in New York.

M&A Deal Summary
Date 2013-07-04
Target BenMet NY
Sector Metals/Mining
Buyer(s) thyssenkrupp
Deal Type Add-on Acquisition

Target

BenMet NY

New York, New York, United States
BenMet NY is a focussed metal commodity trading company supplying customers in the steel, metal alloying and chemical industries with a range of primary metals, ferro-alloys and chemical products. From offices in New York and through agents in Mexico, the company provides metals and alloys to customers throughout North and South America as well as through other trading partners to customers in Europe and Asia.

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Buyer(S) 1

Buyer

thyssenkrupp

Essen, Germany
Category Company
Founded 1811
Sector Diversified
Employees101,592
Revenue 37.5B EUR (2023)
DESCRIPTION

thyssenKrupp is a multinational conglomerate corporation operating two divisions Materials and Technologies. The Materials division produces carbon steel, and stainless steel, and as well as produces material services while the Technology Division focuses on elevator, plant and components technology, and marine solutions. thyssenKrupp was founded in 1811 and is based in Essen, Germany.

DEAL STATS #
Overall 14 of 17
Sector (Metals/Mining) 4 of 5
Type (Add-on Acquisition) 10 of 12
State (New York) 3 of 3
Country (United States) 5 of 5
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-10 ThyssenKrupp Construction Group

Germany

ThyssenKrupp Construction Group is a European insulated panels business. ThyssenKrupp Construction Group, which includes market leading brands including Hoesch, Isocab and EMS, has seven well invested manufacturing plants in Germany, France, Belgium, Austria and Hungary.

Sell €65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-31 The Waterjet Group

South Yorkshire, United Kingdom

The Waterjet Group is a major UK waterjet cutting company for the aerospace industry. The company has several waterjets and related value add equipment, a large number of aerospace approvals and to a smaller extent also serves other high-tech industries, including the medical technology sector. The Waterjet Group operates out of a site near Leeds. With its equipment the company is able to process a wide range of materials and sizes for the European and international customer base.

Buy -
Mergr

Product

Company

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