# Liberty House agrees in principle to buy Georgetown steelworks from ArcelorMittal

Liberty House reached an agreement in principle with ArcelorMittal to purchase Georgetown Steelworks in South Carolina, including a 600,000-ton/year electric arc furnace and 750,000-ton/year rod mill. The deal is subject to final terms and due diligence.

- Type: Acquisition
- Announced: 2017-04-20
- Where: Georgetown, South Carolina, United States
- Status: announced
- Capacity: 600,000 tons/year electric arc furnace; 750,000 tons/year rod mill
- Products: steel wire rod
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (target)
- [Liberty House Group](https://endata.com/companies/19785.md) (acquirer)

## Sources

- [libertysteelgroup.com](https://libertysteelgroup.com/liberty-agrees-in-principle-with-arcelormittal-to-buy-georgetown-steelworks/), 2017-04-20: "This is a landmark day for Georgetown and its residents, particularly families with a previous stake in the steel industry who will now get a chance to rediscover what was lost."

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