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New Deal


Announced

Tenaris to acquire Benteler Steel & Tube Manufacturing from Benteler for $460m.

Financials

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Transaction Value£385m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

steel pipes

Single Bidder

Private

Cross Border

Diversified Industrials

Pending

Acquisition

Friendly

Majority

Infrastructure

Synopsis

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Tenaris, a global manufacturer and supplier of steel pipes and related services, agreed to acquire Benteler Steel & Tube Manufacturing, a US producer of seamless steel pipe, from Benteler, a holding company in German family ownership, for $460m. The acquisition would further expand Tenaris’s production range and local manufacturing presence in the US market.

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