# 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.

- Type: Acquisition
- Announced: 2018-12-03
- Where: Illinois, United States
- Value: $320.0M
- Status: announced
- Capacity: 1.1 million tonnes per year (EAF)
- Products: wire rod, agricultural fence products, industrial wire, MBQ/SBQ bar, welded wire reinforcement mesh, PC strand
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Keystone](https://endata.com/companies/10364.md) (target)
- [GFG Alliance](https://endata.com/companies/19734.md) (partner)
- [Liberty Steel USA](https://endata.com/companies/35849.md) (acquirer)
- [Keystone Consolidated Industries](https://endata.com/companies/35850.md) (target)
- [Contran Corporation](https://endata.com/companies/35851.md) (partner)

## Sources

- [gfgalliance.com](https://www.gfgalliance.com/media-release/gfg-alliances-liberty-steel-usa-further-expansion-with-purchase-of-keystone-consolidated-industries/), 2018-12-03: "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."
- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/gfg-alliances-liberty-steel-acquires-kci-1069178.htm), 2018-12-04: "The Keystone acquisition is a core part of GFG’s Greensteel vision to become a leading US producer of high quality, cleanly produced steel."

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