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October 31, 2019

U.S. Steel completes Big River investment

United States Steel Corp. has completed its acquisition of a 49.9 percent ownership interest in Big River Steel for approximately $700 million, which implies an enterprise value of $2.325 billion. The transaction finalizes U.S. Steel’s first step toward full ownership and consolidation....

By Jayne Gest

October 18, 2019

Vorteq buys Western Metal Decorating

Vorteq Coil Finishers LLC has made a strategic acquisition of the assets of Western Metal Decorating, in order to broaden its processing capabilities and geographic reach. In addition, Vorteq is relocating its corporate headquarters from Oconomowoc, Washington, to Pittsburgh, to more centrally locate Vorteq to its footprint of assets....

By Jayne Gest

September 17, 2019

StonePoint buys Standard Gravel

The acquisition of Standard will complement and expand StonePoint's subsidiary Southern Aggregates LLC, the largest sand and gravel producer in Louisiana....

By Adam Burroughs

September 9, 2019

Chilean Cobalt raises $1.13M

Wayne-headquartered Chilean Cobalt Corp. has raised $1.13 million in angel funding, according to an SEC filing....

By Adam Burroughs

August 6, 2019

Arconic Announces $200 Million Accelerated Share Repurchase

Arconic Inc. has entered an accelerated share repurchase agreement with Goldman Sachs & Co. LLC to repurchase $200 million of Arconic’s common stock, pursuant to the share repurchase program previously authorized by the board....

By Jayne Gest

August 5, 2019

LumiShield raises $500K

Pittsburgh-based LumiShield Technologies, a spinoff company from Carnegie Mellon and the National Energy Technology Laboratory, has raised $500,000 of venture funding in the form of SAFE notes from undisclosed investors....

By Jayne Gest

July 31, 2019

Alcoa closes divesture of aluminum plants in Spain

Alcoa Corp. has completed a transaction with PE investment firm PARTER Capital Group AG, based in Schindellegi, Switzerland, for that firm to acquire Alcoa’s Spanish subsidiaries that own and operate the Avilés and La Coruña aluminum plants in Spain....

By Jayne Gest

July 5, 2019

Alcoa to sell aluminum plants in Spain

Alcoa Corp. has signed a conditional share purchase agreement with private equity investment firm PARTER Capital Group AG, based in Schindellegi, Switzerland, to sell its Alcoa Avilés and La Coruña aluminum plants in Spain....

By Jayne Gest

June 26, 2019

Alcoa divests minority interest in Saudi rolling mill

Alcoa has divested its interest in the Ma’aden Rolling Co., a can and auto sheet mill, by amending its joint venture with the Saudi Arabian Mining Co. in which Alcoa holds a 25.1 percent stake....

By Jayne Gest

June 13, 2019

Liberty Steel Buys Johnstown Wire Technologies

The transaction expands Liberty’s footprint in the U.S. steel downstream products market and adds to its ability to meet the Made in America specifications required for public infrastructure and utility contracts....

By Jayne Gest

May 13, 2019

M&A Outlook: Steel Service Centers

Industry players are looking for acquisitive growth, targeting value-added processing as a way to enhance margin and better navigate demand volatility, investment bank Brown Gibbons Lang reports....

By Michael Marzec

January 4, 2019

Olympic Steel buys McCullough Industries in all-cash purchase

Olympic Steel Inc. has acquired the assets of McCullough Industries Inc. of Kenton, Ohio, in an all-cash deal....

By Adam Burroughs

December 7, 2018

Majestic Steel acquires Titan Metal

The acquisition represents a significant step in Majestic's strategy to expand its business in the coated flat-rolled market....

By Adam Burroughs

November 26, 2018

Cleveland-Cliffs buying back up to $200M of shares

Cleveland-Cliffs will have the flexibility to buy up to $200 million worth of shares via acquisitions in the open market or privately negotiated transactions....

By Adam Burroughs

August 10, 2018

Michael Siegal: How I approach acquisition targets

The Olympic Steel CEO talks about being a chameleon, assessing culture and spending your time well....

By Mark Scott

June 8, 2018

Behind the scenes of the Fairmount-Unimin merger

CEO Jennifer Deckard discusses the relationship of the two companies, the factors that finally enabled them to merge and the powerful role that external M&A advisers played....

By Mark Scott

April 6, 2018

Olympic Steel adds Berlin Metals to its specialty metals segment

Berlin Metals, one of the largest service centers in North America, will continue to operate under its brand, and the management team....

By Adam Burroughs

March 29, 2018

Real Alloy noteholders win bid for company

he U.S. Bankruptcy Court approved the sale of Real Alloy to its noteholders, led by DDJ Capital Management, who submitted a stalking horse bid for total consideration valued at $364 million....

By Adam Burroughs

March 9, 2018

Noteholders agree to acquire Real Alloy for $364M

Despite the agreement, this isn’t necessarily a done deal. The noteholders could still be outbid ahead of the March 19 deadline....

By Adam Burroughs

February 9, 2018

Real Alloy gets bid for US, Europe operations

Noteholders are making a play to buy the distressed company as a "stalking horse" bidder,...

By Adam Burroughs

January 5, 2018

Aleris reportedly has new suitor

Bloomberg reports that India’s Hindalco Industries Ltd. is bidding for Beachwood-based Aleris....

By Adam Burroughs

December 15, 2017

Fairmount merging with Unimin

Merger will create a $2 billion provider of industrial raw materials with Fairmount CEO Jennifer Deckard expected to helm the business....

By Adam Burroughs