# GFG Alliance completes acquisition of Georgetown steelworks from ArcelorMittal

Liberty House, part of GFG Alliance, completed the purchase of the Georgetown steelworks in South Carolina from ArcelorMittal. The plant includes a 540,000-tonne electric arc furnace and 680,000-tonne rod mill, and is planned to restart in Spring 2018.

- Type: Acquisition
- Announced: 2017-12-18
- Where: Georgetown, South Carolina, United States
- Jobs: 125
- Status: completed
- Capacity: 540,000-tonne-per-year electric arc furnace, 680,000-tonne-per-year rod mill
- Products: wire rod, steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (target)
- [GFG Alliance](https://endata.com/companies/19734.md) (acquirer)
- [Liberty House Group](https://endata.com/companies/19785.md) (acquirer)

## Sources

- [libertysteelgroup.com](https://libertysteelgroup.com/sanjeev-guptas-gfg-alliance-completes-georgetown-acquisition-taking-first-step-to-major-north-american-expansion/), 2017-12-18: "Securing the Georgetown furnace and mill is a major milestone for us, marking our first major step in the USA."

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