# 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.

- Type: Acquisition
- Announced: 2026-07-01
- Where: Oklahoma City, Oklahoma, United States
- Value: $347.0M
- Status: announced
- Products: pre-engineered metal building systems, steel framing components
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Development Bank of Japan](https://endata.com/companies/17501.md) (investor)
- [Associated Steel Group](https://endata.com/companies/92743.md) (target)
- [Hanwa](https://endata.com/companies/92791.md) (acquirer)
- [Hanwa American Corporation](https://endata.com/companies/92969.md) (acquirer)

## Sources

- [modernmetals.com](https://www.modernmetals.com/industry-news/japanese-company-to-buy-american-steel-structure-manufacturer), 2026-07-01: "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."
- [allianceokc.com](https://allianceokc.com/news/associated-steel-group-announces-agreement-to-be-acquired-by-hanwa-co-ltd/), 2026-07-10: "We are thrilled to become part of the Hanwa family."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.