Hanwa to acquire 50.1% stake in Associated Steel Group for $347M

Hanwa Co. Ltd. agreed to acquire a 50.1% membership interest in Associated Steel Group LLC, a US steel structure manufacturer, for $347 million through a joint investment with Development Bank of Japan.

“Hanwa Co. Ltd., Japan, has agreed to acquire membership interests in Associated Steel Group LLC, Oklahoma City, through a joint investment with Development Bank of Japan Inc.”modernmetals.com

• 2 sources
• modernmetals.comJapanese company to buy American steel structure manufacturerwebJul 1, 2026
• allianceokc.comAssociated Steel Group Announces Agreement to Be Acquired by Hanwa Co., Ltd. - Alliance Steel Building SystemsScott HarperJul 10, 2026

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