GFG Alliance acquired Keystone Consolidated Industries, Inc from Contran for $320m.

GFG Alliance, a global industrial company, acquired Keystone Consolidated Industries, Inc, a leading manufacturer of welded wire reinforcement products, from Contran, an industrial holding company, for $320m. Under terms of the deal GFG Alliance company Liberty Steel USA will acquire KCI, including all its subsidiaries, for $320m in cash less certain assumed liabilities. "The Keystone acquisition is a core part of GFG's GREENSTEEL vision to become a leading U.S. producer of high quality, cleanly produced steel," said Sanjeev Gupta, executive chairman of Liberty and the GFG Alliance. "As we look ahead to the future, GFG will benefit from Keystone's century-long history, its robust operations, and its reputation for producing top quality steel."