ArcelorMittal Tubular Products Jubail, ArcelorMittal’s Saudi Arabian joint venture with the Public Investment Fund, completed the acquisition of JESCO, a Saudi Arabia-based manufacturer of carbon steel pipe products. Financial terms were not disclosed. “Combining AMPTJ with JESCO creates a new regional champion capable of delivering first-class products and services to our expanded customer base. We fully intend to capture the synergies resulting from this transaction which will further strengthen our competitiveness. I would like to thank all employees from both companies for the patience and commitment they have shown throughout the transaction process. Their professionalism has been exemplary, and I am confident they will feel tangible benefits from this transaction. I’d also like to thank the Ministry of Investment of Saudi Arabia for the enabling role it played in facilitating this transaction,” Gabriel Monti, ArcelorMittal Tubular Products Jubail CEO.