# AK Steel to acquire PPHC Holdings for $360 million

AK Steel Corporation, a subsidiary of AK Steel Holding Corporation, entered into an agreement to acquire all membership interests in PPHC Holdings, LLC for $360 million on a cash- and debt-free basis. PPHC is headquartered in Ontario and employs over 1,000 people across eight plants.

- Type: Acquisition
- Announced: 2017-06-30
- Where: Ontario, Canada
- Value: $360.0M
- Status: announced
- Products: metal products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [AK Steel](https://endata.com/companies/17350.md) (acquirer)
- [PPHC Holdings](https://endata.com/companies/25448.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/918160/000119312517224303/d422223d8k.htm), 2017-07-07: "Pursuant to and subject to the terms and conditions of the Purchase Agreement, the Company will acquire all of Sellers’ membership interests in PPHC by way of a merger of Merger Sub with and into PPHC, for $360 million, on a cash- and debt-free basis, subject to certain adjustments."

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