Acquisitions · Steel pipe and tube
Maruichi Steel Tube to buy Evraz's Oregon structural tubing business
- Buyer
- Maruichi Steel Tube (via Maruichi Oregon Steel Tube) (Osaka)
- Target
- Evraz North America's structural tubing business, Portland, Oregon
- Value
- About $51M in cash, including about $8.5M for inventories
- Status
- Agreed on March 5, 2015.
- Date
- 2015-03-05
Maruichi Steel Tube agreed to buy the structural tubing business of Evraz North America in Portland, Oregon, through a new US company, Maruichi Oregon Steel Tube LLC. The price was about $51 million in cash, including about $8.5 million for inventories, according to the seller's announcement as reported in trade press. The seller's parent is Evraz, a steel group with roots in Russia that is listed in the UK.
Why it matters
The purchase adds a plant in the Pacific Northwest to Maruichi's US steel tube business. Buying an operating plant is typically faster than building one.
Sources
Kakehashi M&A News home
