M&A Deal Summary

Worthington Steel Of Michigan Inc Acquires Gibraltar Strip Steel

On February 1, 2010, Worthington Steel Of Michigan Inc acquired metals/mining company Gibraltar Strip Steel from Gibraltar Industries

Acquisition Highlights
  • This is Worthington Steel Of Michigan Inc’s 1st transaction in the Metals/Mining sector.
  • This is Worthington Steel Of Michigan Inc’s 1st transaction in the United States.

M&A Deal Summary

Date 2010-02-01
Target Gibraltar Strip Steel
Sector Metals/Mining
Buyer(s) Worthington Steel Of Michigan Inc
Sellers(s) Gibraltar Industries
Deal Type Divestiture

Target

Gibraltar Strip Steel

United States
Gibraltar Strip Steel is a precision processor of cold rolled strip steel for the automotive, appliance, power and hand tool, hardware and other end markets. The business includes flat-rolled products focused on value-added process and services.

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Buyer(S) 1

Buyer

Worthington Steel Of Michigan Inc

Taylor, Michigan, United States

Category Company
Founded 1990
Sector Metals/Mining
DESCRIPTION

Worthington Steel Of Michigan, Inc manufactures steel products including steel coils.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

Gibraltar Industries

Buffalo, New York, United States

Category Company
Founded 1972
Sector Building Materials
Employees2,097
Revenue 1.3B USD (2024)
DESCRIPTION

Gibraltar Industries is a manufacturer and distributor of building products, focused on residential and low-rise commercial building markets, as well as industrial and transportation infrastructure markets. Gibraltar Industries was founded in 1972 and is based in Buffalo, New York.


DEAL STATS #
Overall 3 of 9
Sector: Metals/Mining M&A 2 of 4
Type: Divestiture M&A Deals 3 of 9
Country: United States M&A 3 of 7
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-09 Kymera

Durham, North Carolina, United States

Kymera is a specialty materials company focused on aluminum and copper-based powders, granules, and pastes. The Company sells its products into a wide variety of end markets, including chemical, specialty auto, general industrial, additive manufacturing, mining, and aerospace applications. Kymera is the only non-ferrous metal powder producer with a global manufacturing footprint in the U.S., Australia, Europe, and Asia. Kymera's products are typically customized for the manufacturing processes of its over 1,500 active, long-tenured customers. Kymera was founded in 1876 and is based in Durham, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-10 USP Structural Connectors

Burnsville, Minnesota, United States

USP designs, engineers and is a leading manufacturer of structural framing and bracing connectors sold into the residential and light commercial industry.

Sell -