Login ID:
Password:
Partner Login
Contact Us : 7066511911

Aperam Buys VDM Metals From Lindsey Goldberg for EUR438 Million

11 Apr 2018 5:41 am
 
   By Nathan Allen 
 

Luxemburg-based stainless steel and alloys producer Aperam SA (056997440.LU) said Wednesday that it has signed an agreement to purchase VDM Metals Holding GmbH from buyout fund Lindsay Goldberg for 438 million euros ($540.3 million).

Aperam said the deal will allow it to expand its premium specialty alloys portfolio and enlarge its geographical footprint.

The acquisition should generate about EUR20 million in synergies by 2020, boost competitiveness and spur development of new products and applications, Aperam said.

VDM Metals is Europe's second-largest manufacturer of high-quality nickel alloys and was previously a division of Thyssenkrupp AG (TKA.XE) before it was taken over by Lindsay Goldberg in 2015.

The company has six production facilities in Germany and two in the U.S., according to its website.
 

Write to Nathan Allen at nathan.allen@dowjones.com
 

(END) Dow Jones Newswires

April 11, 2018 01:41 ET (05:41 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Disclaimer
Top 5 Special Reports
USD/INR (Jan 21) Weak Price Trend / Next Target at 7...
USD/INR (Jan 21) Weak Price Trend / Next Target at 7...
Cotton Yarn Prices Set to Move Higher amid Expanding Sp...
Weekly: Urad-Chana Post Strong Gains, While Masoor-Whi...
USD/INR (Jan 21) Weak Price Trend / Next Target at 7...