Aperam S.A. / Mot-clé(s) : Acquisition d’une
société
Aperam completes acquisition of Universal Stainless & Alloy
Products
23-Jan-2025 / 17:29 CET/CEST
Aperam completes acquisition of
Universal Stainless & Alloy Products
All
necessary regulatory approvals required for the acquisition of
Universal Stainless & Alloy Products have been obtained,
without any conditions
-
Aperam acquires Universal
Stainless & Alloy Products for an enterprise value of USD 537 million
(equity value USD 447 million)
-
Total expected yearly synergies of
USD 30 million within five years with additional improvement
potential
-
Consolidation of Universal
Stainless & Alloy Products into Aperam Group as from the
Closing Date
-
With the acquisition of Universal
Stainless & Alloy Products, Aperam strengthens its presence in
the United States and in the aerospace and industrial sectors,
enhancing its product mix and global footprint
-
Universal Stainless & Alloy
Products will be part of Alloys & Specialties segment in
Aperam
Luxembourg
23 January, 2025 (17:30 CET) - Aperam S.A. (Aperam), a global leader in stainless,
specialty steel solutions and recycling, and Universal Stainless
& Alloy Products, a premier supplier in the aerospace and
industrial sectors in the USA, are pleased to announce the
successful completion of Aperam’s acquisition of Universal
Stainless & Alloy Products. The Acquisition of Universal
Stainless & Alloy Products has been approved by its
Shareholders and has received all required regulatory approvals
without any conditions.
This strategic partnership marks a
significant milestone in advancing both companies’ shared vision
for innovation, excellence, and sustainable growth.
The acquisition underscores
Aperam’s commitment to expanding its presence in the aerospace
industry, reinforcing its Alloys & Specialties steel footprint
globally, reducing cyclicality, and increasing exposure to the U.S.
market. By joining forces, Aperam and Universal Stainless &
Alloy Products aim to strengthen their capabilities, enhance their
value chain, and deliver superior products and services to their
global customer base.
Aperam’s CEO
[Timoteo Di Maulo] commented: “We are delighted to welcome
Universal Stainless & Alloy Products with its more than 750
employees to the Aperam family. This acquisition is a key step in
our strategic plan to decommoditize our product portfolio and
expand our Alloys & Specialties solutions, providing
innovative, high-performance applications for critical industries
such as aerospace, as well as expand Aperam’s core markets into the
United States. By combining our strengths, we will also deliver
more innovative products to our customers, unlocking new
opportunities for growth and value creation.”
Universal’s CEO
[Christopher Zimmer] added:
“Joining Aperam provides Universal Stainless & Alloy Products
with the resources and global reach needed to accelerate our growth
trajectory. We share a strong commitment to quality, innovation and
performance, and we are excited about the possibilities this
partnership creates for our employees, customers, and
stakeholders.
About
Aperam
Aperam is a global player in
stainless, electrical, specialty steel and recycling, with
customers in over 40 countries. The business is organised in four
primary operating segments: Stainless & Electrical Steel,
Services & Solutions, Alloys & Specialties and Recycling
and Renewables.
Aperam has a flat Stainless and
Electrical steel capacity of 2.5 million tonnes in Brazil and
Europe and is a leader in high value specialty products. In
addition to its industrial network, spread over six production
facilities in Brazil, Belgium and France, Aperam has a highly
integrated distribution, processing and services network and a
unique capability to produce stainless and special steels from low
cost biomass (charcoal made from its own FSC-certified forestry).
For further information, please refer to our website at
www.aperam.com
About
Universal Stainless & Alloy Products
Universal Stainless & Alloy
Products, established in 1994 and headquartered in Bridgeville, PA,
manufactures and markets semi-finished and finished specialty
steels, including stainless steel, nickel alloys, tool steel and
certain other alloyed steels. Universal's products are used in a
variety of industries, including aerospace, energy, and heavy
equipment manufacturing. More information is available at
www.univstainless.com.
Contact
Investor Relations
/ Thorsten Zimmermann: IR@aperam.com
Communication
/ Ana Escobedo Conover: Ana.Escobedo@aperam.com
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