STS Metals to acquire Brown Europe from Tikehau Capital.

STS Metals, a manufacturer of titanium, stainless steel, nickel-based and other specialty alloys, agreed to acquire Brown Europe, a specialist in wire drawing of high-performance alloys for the aerospace industry, from Tikehau Capital, an alternative asset manager. Financial terms were not disclosed. “We are excited to acquire Brown Europe, as it is well matched with our business model and the other operations that make up STS Metals. Brown Europe shares a similar reputation with STS Metals in providing value to their customers through superior service and operational performance. This transaction would allow us to provide enhanced range and customer service for our products in both Europe and the rest of the world," David Beddome, STS Metals CEO.