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New Deal


Announced

Norfolk Iron & Metal to acquire Cd'A Metals.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Iron and Steel

Domestic

metal service center

Private

Single Bidder

Acquisition

United States

Majority

Friendly

Pending

Synopsis

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Norfolk Iron & Metal, a full-line steel service center, agreed to acquire Cd'A Metals, a full-line metal service center in the Inland Northwest. Financial terms were not disclosed. "We are pleased to welcome the Cd'A team members to the NIM family. This investment represents a strategic opportunity to increase our capacity and geographic presence and is integral to our commitment to meet the growing needs of our customers. Cd'A Metals' complementary capabilities combined with its long history of success positions us well to further develop our business in the northwestern markets," Richard Robinson, NIM Chairman and CEO.

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