GFG Alliance completes $320 million acquisition of Keystone Consolidated Industries

GFG Alliance, through Liberty Steel USA, has completed the acquisition of Keystone Consolidated Industries (KCI) for $320 million from Contran Corporation. The deal creates one of the largest US wire rod producers and aims to grow US GREENSTEEL capacity to 5 million tons per annum by 2020.

“The completion of the deal, which was supported by large North American banks including Wells Fargo NA and BMO Harris Bank, along with funds managed by BlackRock Financial Management Inc., a subsidiary of BlackRock Inc., the world’s largest asset manager, helps pave the way towards a proposed US IPO”business-review.eu

• 2 sources
• business-review.euArcelor Mittal Galati completes USD 320 million acquisition of Keystone Consolidated Industries, pledges additional investment - Business ReviewAnca AlexeJan 3, 2019
• gfgalliance.comGFG takes top award for landmark U.S. steel deal - GFG AllianceJun 21, 2019

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