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July 13, 2020

Sweden's Sandvik acquires Allied Construction

Sandvik Mining and Rock Technology is buying Cleveland-based Allied Construction Products LLC, a distributor of hydraulic hammers to the construction and mining industries and manufacturer of compactor plates and mounting brackets. Terms were not disclosed....

By Michael Marzec

June 8, 2020

Materion Agrees To Buy Optics Balzers In $160M Deal

With this acquisition, Materion intends to further accelerate its transformation into a global advanced materials solutions provider and significantly expand its geographic reach, extending beyond its core of North America to include Europe and Asia....

By SBN Staff

May 29, 2020

Tucker Ellis Advises Eagle Specialty Materials In Acquisition Of Wyoming Mining Assets

Tucker Ellis LLP partners Chris Hewitt and Jayne Juvan represented Eagle Specialty Materials LLC in its purchase of the Eagle Butte and Belle Ayr thermal coal mines located in the Powder River Basin in Campbell County, Wyoming, from Contura Energy Inc. and Blackjewel LLC....

By SBN Staff

April 30, 2020

U.S. Steel sells option in Minnesota iron ore mine

Stelco has entered an option agreement with U.S. Steel, granting Stelco a long-dated option to purchase a 25 percent ownership interest in a to-be-formed joint venture that will own 100 percent of U.S. Steel’s iron ore mine in Mt. Iron, Minnesota, and related infrastructure including the pellet plant....

By Jayne Gest

April 8, 2020

Novelis Clears Final Hurdle In Aleris Purchase

Atlanta-based Novelis Inc. has received the final clearance needed to complete its acquisition of Beachwood-Based Aleris Corp., a global supplier of rolled aluminum products....

By Michael Marzec

March 1, 2020

U.S. Steel buys remaining interest in USS-POSCO Industries

Pittsburgh-headquartered U.S. Steel has closed on the purchase of POSCO-California Corp.’s 50 percent partnership interest in USS-POSCO Industries. U.S. Steel and POSCAL believe ownership of UPI by a single group represents the best opportunity for UPI to continue operating effectively and serve its customers....

By Jayne Gest

February 5, 2020

SinterMet sold to V&A Capital

New York PE firm V&A Capital has partnered with the management team of SinterMet LLC to acquire the company, which is headquartered near Pittsburgh. The firm plans to support SinterMet’s growth through increased product offerings, entering new end-markets and searching for complementary add-on acquisitions....

By Jayne Gest

February 3, 2020

Alcoa completes waste treatment business sale

Alcoa Corp. has completed the sale of Elemental Environmental Solutions LLC, a wholly-owned Alcoa subsidiary that operates a 1,300-acre hazardous waste treatment business in Gum Springs, Arkansas....

By Jayne Gest

January 8, 2020

CONSOL invests in CFOAM Corp

CONSOL Energy Inc. made an initial investment in the coal-to-products space by acquiring a 25 percent equity interest in CFOAM Corp. for $3.5 million. The Canonsburg-based company hopes the transaction will provide a high-margin revenue stream and intriguing new opportunities in coal....

By Jayne Gest

January 6, 2020

Worthington buys majority ownership in Samuel Steel Pickling

Columbus-headquartered Worthington Industries Inc. has acquired a majority ownership of the Northern Ohio's Samuel Steel Pickling Co., a joint venture Worthington has had with Samuel, Son & Co. since 2010....

By Jayne Gest

January 2, 2020

Alcoa to sell Gum Springs Facility for $250M

Alcoa Corp., a Pittsburgh-headquartered provider of bauxite, alumina, and aluminum products, has agreed to sell its Gum Springs, Arkansas waste treatment facility, to Veolia ES Technical Solutions....

By Jayne Gest

December 31, 2019

Covia Takes Steps To Improve Financial Flexibility

In addition to the newly committed $85 million revolving credit facility, Covia is evaluating additional sources of liquidity to increase the total size of its standby liquidity....

By Mark Scott

December 18, 2019

Main Street Capital buys three metal manufacturers

Main Street Capital Holdings LLC, a Pittsburgh PE firm, has created a new platform to acquire companies in precision metal manufacturing. Compass Precision LLC was formed through the acquisition of Quality Products & Machine LLC, Advanced Machining & Tooling LLC and Tri-Tec Industries Inc....

By Jayne Gest

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