Announced
Financials
Sources
Tags
United States
metal manufacturing
Metal Fabricating
Majority
Pending
Single Bidder
high-performance alloys
Acquisition
Cross Border
Public
Friendly
Synopsis
Acerinox, a global company in the manufacturing and distribution of stainless steel and high-performance alloys, agreed to acquire Haynes International, a developer, manufacturer, and marketer of technologically advanced high-performance alloys, for $970m. "Haynes has impressive and complementary business operations, R&D capabilities, and an experienced team. Their addition to Acerinox strengthens our global leadership in high-performance alloys and creates meaningful opportunities in the high-growth aerospace segment and the attractive US market," Bernardo Velázquez Herreros, Acerinox CEO.
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