Hanwa completes acquisition of 50.1% stake in Associated Steel Group for $226M

Japan's Hanwa Co. completed the acquisition of a 50.1% stake in US-based Associated Steel Group (ASG) through its North American unit Hanwa American Corp., with Development Bank of Japan acquiring the remaining 49.9%. The total investment is estimated at $226 million.

“Hanwa Co. has completed the acquisition of US-based Associated Steel Group, LLC (ASG), making the company a consolidated subsidiary.”mesteel.com

• 1 source
• mesteel.comHanwa completes acquisition of Associated Steel GroupSep 3, 2026

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