Nippon Steel to make Sanyo Special Steel a subsidiary

Nippon Steel & Sumitomo Metal Corporation (NSSMC) and Sanyo Special Steel have agreed to integrate Sanyo Special Steel as a NSSMC subsidiary, with a target date of March 28, 2019. The deal includes Sanyo acquiring Triako Holdco AB, parent of Ovako, making Ovako a subsidiary of NSSMC.

“The companies seek to strengthen the technological capabilities, product develop and cost competitiveness of their special steel businesses.”steelorbis.com

• 1 source
• steelorbis.comSanyo Special Steel to become a subsidiary of Nippon SteelAug 2, 2018

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