Steel Technologies to be Acquired by Partner Mitsui & Co

March 2007
Metal Center News;Mar2007, Vol. 47 Issue 3, p8
Trade Publication
The article reports on the decision of Mitsui & Co. Ltd. to acquire the shares of its partner service center Steel Technologies Inc. in Louisville, Kentucky. According to Mitsui USA Iron and Steel Products Division senior vice president Ichizo Kutsukake, the deal with Steel Technologies will allow Mitsui to efficiently meet its customers' increasing demands and expectations. The merger will enable Steel Technologies to operate as a separate, wholly owned subsidiary of Mitsui.


Related Articles

  • BRIEFS.  // Metal Center News;May2007, Vol. 47 Issue 6, p13 

    The article offers news briefs related to the steel industry and trade in the U.S. in 2007. On May 30, Steel Technologies Inc. stockholders will consider a proposed merger with Mitsui & Co. Peachtree Metals Co. will implement Verticent Inc.'s enterprise software. Parker Steel Co. has added...

  • Asahi Tec finishes acquisition of Metaldyne Corp. Snavely, Brent // Crain's Detroit Business;1/15/2007, Vol. 23 Issue 3, p2 

    The article reports that Metaldyne Corp. has confirmed that its agreement to be acquired by Asahi Tec Corp. for $1.2 billion, first announced in September, is complete. Asahi Tec is investing $205 million of equity in Metaldyne. Asahi Tec's major shareholders are Belgium-based RHJ International...

  • International Power. Dooley, Trevor // Utility Week;10/8/2004, Vol. 23 Issue 12, p27 

    Features Great Britain-based generator International Power Generating Co. Partnership with Japanese industrial company Mitsui; Changes in International Power's global position; Value of the profits produced by its acquisition of 990MW Turbogas in Portugal.

  • IP completes Edison purchase.  // Power Economics;12/20/2004, Vol. 8 Issue 14, p8 

    The article presents information about the acquisition of Edison Mission Energy Ltd.'s (EME) International Portfolio by International Power PLC. The EME portfolio was bought in a 70:30 partnership with Mitsui & Co. Ltd. of Japan, for $2.0 billion. The move follows the extraordinary general...

  • Mitsui Acquires Valepar Stake.  // Latin America Monitor: Brazil Monitor;May2003, Vol. 20 Issue 5, p7 

    Reports on the decision of Mitsui & Co. to acquire the stake of Bradespar in iron ore producer Valepar. Reason for the importance of the iron ore market to traders and mining companies; Companies that are in talks with Japanese steelmakers to set prices for the 2003 trading year which commenced...

  • Steel Technologies to be Operated by Nucor, Mitsui joint Venture.  // Metal Center News;Mar2010, Vol. 50 Issue 3, p6 

    The article reports on the partnership of Nucor Corp. and Mitsui & Co. Ltd. or NuMit LLC joint venture with Steel Technologies Inc. Their agreement provides that Nucor will purchase a 50 percent interest in NuMit LLC and will contribute 100 percent of the Steel Technologies. It points out that...

  • IP buys out EME portfolio.  // Modern Power Systems;Feb2005, Vol. 25 Issue 1, p5 

    This article reports that International Power PLC has completed its acquisition of the international generation portfolio of Edison Mission Energy Ltd. (the EME Portfolio), in a. 70:30 partnership with Mitsui & Co. Ltd. of Japan, for $2.0 billion following an overwhelming shareholder vote in...

  • Merger positions differ within Mitsui group. Morris, Gregory D.L. // Chemical Week;11/22/1995, Vol. 157 Issue 20, following p28 

    Focuses on the merger discussion within the Mitsui group of companies. Comments from Goro Watanabe, senior executive managing director at Mitsui & Co.; Impact of strict antitrust laws and lavish labor benefits on the reconsolidation of chemical companies in Japan.

  • Steel Technologies Acquires Kasle Steel Corp.  // Metal Center News;May2006, Vol. 46 Issue 6, p12 

    The article states that Steel Technologies Inc. has acquired all outstanding stock of Kasle Steel Corp. Through its five processing facilities Kasle Steel claims to be North America's largest independent supplier of automotive steel blanks, shipping over 1.5 million tons annually across a...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics