# JSW Steel to acquire Acero Junction Holdings for $80.85 million

India's JSW Steel Ltd agreed to buy Acero Junction Holdings for $80.85 million to expand its U.S. operations.

- Type: Acquisition
- Announced: 2018-03-29
- Where: Ohio River, about 50 miles southwest of Pittsburgh, United States
- Value: $80.8M
- Status: announced
- Capacity: 1.5 MTPA fully integrated steel making facility, with excess HSM rolling capacity up to 3 MTPA
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [JSW Steel](https://endata.com/companies/22727.md) (acquirer)
- [Acero Junction Holdings](https://endata.com/companies/31003.md) (target)

## Sources

- [zeebiz.com](https://www.zeebiz.com/companies/news-jsw-steel-agrees-to-buy-us-based-acero-junction-for-81-million-40895), 2018-03-29: "India's JSW Steel Ltd said on Thursday it agreed to buy Acero Junction Holdings for $80.85 million, as it looks to expand its operations in the United States."
- [miningconnection.com](https://miningconnection.com/longwall/news/article/jsw_steel_enters_agreement_to_acquire_acero_junction_holdings_for_81_millio), 2018-04-03: "JSW Steel Limited has entered into a Stock Purchase Agreement dated March 28, 2018 with JSM International Limited, Acero Junction Holdings Inc. and Acero Junction Inc for acquisition of 100 percent shares of Acero Junction Holdings Inc, a Delaware Corporation, for a cash consideration of USD 80.85 m"

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