# Sumitomo and Nippon Steel to acquire American Standard Iron and Steel Holding

The European Union has approved the acquisition of American Standard Iron and Steel Holding Company by Sumitomo and Nippon Steel. The target produces forged steel wheels and axles for freight rail and rolling stock, mainly in North America.

- Type: Acquisition
- Announced: 2019-07-08
- Where: United States
- Status: announced
- Products: forged steel wheels and axles for freight rail, rolling stock and bus tracks
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Sumitomo Corporation](https://endata.com/companies/6281.md) (acquirer)
- [Nippon Steel](https://endata.com/companies/7455.md) (acquirer)
- [American Standard Iron and Steel Holding Company](https://endata.com/companies/40485.md) (target)

## Sources

- [news.metal.com](https://news.metal.com/newscontent/100946936/EU:-approval-for-Sumitomo-and-Nippon-Steel-to-acquire-American-Standard-Iron-and-Steel-holding-Company), 2019-07-08: "the European Union has approved Sumitomo of Japan and Nippon Steel to acquire American Standard Iron and Steel holding Company."

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