M&A Deal Summary

TMS International Acquires Stein

On December 31, 2020, TMS International acquired business services company Stein

Acquisition Highlights
  • This is TMS International’s 2nd transaction in the Business Services sector.
  • This is TMS International’s 1st transaction in the United States.
  • This is TMS International’s 1st transaction in Ohio.

M&A Deal Summary

Date 2020-12-31
Target Stein
Sector Business Services
Buyer(s) TMS International
Deal Type Add-on Acquisition

Target

Stein

Cleveland, Ohio, United States
Stein, Inc. is a provider of high-quality services to steel producers throughout the U.S. Its full-service operations provide metal producers with the flexibility and resources to handle a wide range of steel mill processing services such as slag removal and metallics reclamation, scrap handling, scrap management, recycling, raw material screening, material handling, and maintenance and repair services.

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Buyer(S) 1

Buyer

TMS International

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1926
Sector Business Services
DESCRIPTION

TMS International is a provider of outsourced steel services, including raw materials procurement, scrap management, raw materials optimization, slag processing, metal recovery and surface conditioning services to integrated steel mills, mini-mills, and foundries. TMS International was founded in 1926 and is based in Glassport, Pennsylvania.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-05 Hanson Resource Management

Scunthorpe, United Kingdom

Hanson Resource Management Ltd. is a provider of various specialist services for steelmakers, petrochemical companies, quarries, local authorities, sports venues, and engineering industries.

Buy -