Liberty Steel USA to acquire Keystone Consolidated Industries for $320M

GFG Alliance's Liberty Steel USA signed a binding agreement to purchase all outstanding stock in Keystone Consolidated Industries from Contran Corporation for $320 million in cash less certain assumed liabilities. The deal adds KCI's 1.1mt electric arc furnace in Illinois and downstream operations.

“Under terms of the deal GFG Alliance company Liberty Steel USA will acquire KCI, including all its subsidiaries, for $320 million in cash less certain assumed liabilities.”gfgalliance.com

• 2 sources
• gfgalliance.comGFG Alliance's Liberty Steel USA further expansion with purchase of Keystone Consolidated Industries - GFG AllianceDec 3, 2018
• steelorbis.comGFG Alliance’s Liberty Steel acquires KCIDec 4, 2018

Summarized from public sources; check the original articles before acting on it.