Aperam Boosts Alloy Presence in US Aerospace & Industrial Markets

• Aperam S.A. has signed a definitive agreement to acquire Universal Stainless & Alloy Products, Inc. for $45.00 per share in an all-cash transaction.
• The acquisition is expected to generate annual synergies of $30 million, enhancing earnings, cash flow, and overall value.
• The deal is anticipated to close in the first half of 2025, pending shareholder and regulatory approvals.
• Universal Stainless specializes in specialty steel products for aerospace and industrial applications, with projected revenues of around $330 million in 2024.
• The acquisition will allow both companies to enter new markets and expand their product offerings without overlap, resulting in reduced supply risk and improved customer service.
• Aperam aims to strengthen its market position and diversify into high-margin industries through this acquisition, aligning with its long-term growth strategy.

The next important date, Quarterly report, at Aperam is on 08.11.2024.

The price of Aperam at the time of the news was 25,31EUR and was down -0,24 % compared with the previous day.
13 minutes after the article was published, the price was 25,33EUR this corresponds to a plus of +0,08 % since publication.

Aperam

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-17,13 %

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+26,16 %

-32,89 %

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ISIN:LU0569974404WKN:A1H5UL

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