IPSCO Completes Acquisition of NS Group

January 2007
Metal Center News;Jan2007, Vol. 47 Issue 1, p51
Trade Publication
The article reports on the completion of the Lisle, Illinois-based IPSCO Inc.'s acquisition of the Newport, Kentucky-based NS Group Inc. for about $1.46 billion. It is inferred that IPSCO has combined cash on hand and debit obtained under a $1.1 billion syndicated credit facility to finance the acquisition. IPSCO claims that the acquisition has made it the leading North American supplier of tubular products due to NS's enhanced production capabilities and strong commitment to customers.


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