# Bedrock Industries agrees to acquire Stelco (formerly U.S. Steel Canada)

Bedrock Industries signed a purchase agreement to acquire U.S. Steel Canada, restoring the Stelco name. The deal includes tens of millions of dollars, pension protections, and environmental remediation, securing 2,100 jobs at Hamilton and Lake Erie facilities.

- Type: Acquisition
- Announced: 2016-12-09
- Where: Hamilton, Ontario, Canada
- Jobs: 2,100
- Status: announced
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Bedrock Industries](https://endata.com/companies/20616.md) (acquirer)
- [U.S. Steel Canada](https://endata.com/companies/20617.md) (target)

## Sources

- [thespec.com](https://www.thespec.com/news/hamilton-region/bedrock-agrees-to-buy-stelco-union-remains-skeptical/article_84eb6891-92ab-5bb3-bf64-1575e1c190cf.html), 2016-12-10: "Bedrock Industries is poised to take over a floundering U.S. Steel Canada, with the announcement Friday of a potentially historic purchase agreement."

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