# JMC Steel Group acquires Lakeside Steel for over $150 million

On March 30, 2012, JMC Steel Group acquired all outstanding shares of Lakeside Steel Inc. for cash consideration of C$0.2983 per share, with the total transaction valued at over $150 million. Lakeside operates steel pipe and tube manufacturing facilities in Ontario, Alabama, and Texas.

- Type: Acquisition
- Announced: 2020-07-14
- Where: Welland, Ontario; Thomasville, Alabama; Corpus Christi, Texas, Canada
- Value: $150.0M
- Status: completed
- Products: steel pipes and tubes, oil country tubular goods
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [JMC Steel Group](https://endata.com/companies/48549.md) (acquirer)
- [Lakeside Steel Inc.](https://endata.com/companies/48550.md) (target)

## Sources

- [fasken.com](https://www.fasken.com/fr/experience/2012/03/jmc-steel-group-completes-us$100-million-acquisition-of-lakeside-steel), 2020-07-14: "JMC Steel Group, Inc. (« JMC ») et Lakeside Steel Inc. (TSX-V : LS) (« Lakeside ») ont annoncé qu’elles ont conclu un plan d’arrangement établi en vertu de la Loi sur les sociétés par actions de l’Ontario."

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