# 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.

- Type: Acquisition
- Announced: 2018-12-01
- Where: Peoria, Illinois, United States
- Value: $320.0M
- Status: completed
- Capacity: 5 million tons per annum (target)
- Products: steel billet, wire rod, reinforcement mesh, welded wire, agricultural wire fence, prestressed concrete strand, bar, coiled rebar
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [GFG Alliance](https://endata.com/companies/19734.md) (acquirer)
- [KCI, Incorporated](https://endata.com/companies/31496.md) (target)
- [Keystone Consolidated Industries](https://endata.com/companies/35850.md) (target)
- [Contran Corporation](https://endata.com/companies/35851.md) (partner)

## Sources

- [business-review.eu](https://business-review.eu/business/arcelor-mittal-galati-buyer-completes-320m-acquisition-of-keystone-consolidated-industries-and-pledges-additional-investment-194225), 2019-01-03: "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"
- [gfgalliance.com](https://www.gfgalliance.com/media-release/gfg-takes-top-award-for-landmark-u-s-steel-deal/), 2019-06-21: "The GFG Alliance’s success in acquiring the flagship wire rod producer KCI only months after entering the American steel market has been honoured at the annual ‘Awards for Steel Excellence’ in New York."

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