TITLE

Minimill Operator MacSteel Acquired by Qerdau Group

PUB. DATE
June 2008
SOURCE
Metal Center News;Jun2008, Vol. 48 Issue 7, p86
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of MacSteel business by Gerdau Group. MacSteel runs three minimills, has six downstream operations and has a capacity of 1.2 million tons of rolled products. The $1.46 billion deal enables the Gerdau Group to become the world's largest producer of long specialty steel.
ACCESSION #
32996629

 

Related Articles

  • GERDAU ACQUIRING MACSTEEL MINI-MILLS FOR $1.5 BILLION.  // Forging;Nov/Dec2007, Vol. 18 Issue 6, p7 

    The article reports on the $1.5 billion acquisition of Quanex Corp., the holding company of MacSteel, and other processing companies by Gerdau Group, the parent company of Gerdau AmeriSteel Corp. in the U.S. It was believed that the consolidation of Gerdau AmeriSteel and MacSteel will make...

  • Growing Through a Phase. Huskonen, Wallace D. // Metal Producing & Processing;Jul/Aug2005, Vol. 43 Issue 4, p18 

    Reports on Phase 9 of steel bar specialist MacSteel's capital investment program that began in the 1990s and that will result in a series of equipment and process improvements at its Monroe, Michigan plant. Ability to produce large amounts of high-quality bars; Mini-mill operated in nearby...

  • POINTS OF STEEL.  // Latin Trade (English);Mar2008, Vol. 16 Issue 3, p9 

    This article reports on the acquisition of the U.S. steel company Macsteel by Grupo Gerdau, a Brazilian steel company, in 2008. Gerdau will assume debts and other liabilities. The investment forms part of Gerdau's international expansion program, especially in the market for making steel parts...

  • SMART SHOPPER. Kepp, Michael; Velázquez, André F. // Latin Trade (English);Jul2005, Vol. 13 Issue 7, p50 

    Features Brazilian steel company Gerdau. Businesses acquired by the steel company from 1980 to 2004; Approaches taken by the company to increase its network of foreign clients; Plan of the company to increase investments in its North American operations between 2005 and 2007.

  • Gerdau to build mill in Argentina.  // Wire Journal International;Oct2008, Vol. 41 Issue 10, p12 

    The article reports on the Gerdau Group's U.S.$524 million investment for Sipar Gerdau plant in Perez, Argentina which is expected to yield an additional 1.1 metric tons of steel. It notes that the Sipar Gerdau plant construction shall commence in November 2008 and the first phase is expected to...

  • Gerdau Acquires Sheffield.  // Metal Center News;Jul2006, Vol. 46 Issue 8, p51 

    The article reports on Gerdau Ameristeel U.S. Inc.'s completion of the acquisition of the outstanding shares of Sheffield Steel Corp., a minimill producer of long steel products such as rebar and merchant bar. Sheffield operates several mills in various states. About $84 million of Sheffield's...

  • IPSCO IN $7.7-BILLION TAKEOVER DEAL.  // Metal Producing & Processing;May/Jun2007, Vol. 45 Issue 3, p5 

    The article reports that the steel mini-mill chain Ipsco Inc. has agreed to be acquired by Svenskt Stal AB (SSAB). The cash-based acquisition deal is estimated at $7.7 billion or $160 per/share. Ipsco Inc. states that the transaction will be completed when 66.67% of its shareholders approve the...

  • LEARNING FROM OTHERS. Salgado, Brian // Manufacturing Today;Jul/Aug2007, Vol. 7 Issue 4, p44 

    The article offers information about Gerdau Ameristeel Corp., manufacturer of steel and mini-mill steel in North America. According to the author, Gerdau Ameristeel is a firm with a history of progress through acquisitions, which is aware of the importance of recognizing the intangibles a firm...

  • Mills to Buy Up Service Centers in the Next Decade?  // Metal Center News;Apr2006, Vol. 46 Issue 4, p62 

    The article discusses the agenda of various steel mills to venture into the service sector, according to Nick Tolerico, retired president of ThyssenKrupp Steel Services. Tolerico pronounced his observation when he served as a panelist during the Steel Markets North America 2006 Conference....

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics