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New Deal


Announced

Acerinox to acquire Haynes International for $970m.

Financials

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Transaction Value£767m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.6x
EV/EBITDA46.72x
Share Price Premium22%
One Off Charge-

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United States

metal manufacturing

Metal Fabricating

Majority

Pending

Single Bidder

high-performance alloys

Acquisition

Cross Border

Public

Friendly

Synopsis

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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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