# TEI acquires nearly 50% stake in Verzane Metal

TUSAŞ Motor Sanayii AŞ (TEI) acquired nearly 50% of Verzane Metal, a specialty steel producer in İzmir-Aliağa, Turkey. The deal was announced on July 20, 2021.

- Type: Acquisition
- Announced: 2021-07-20
- Where: İzmir-Aliağa, Türkiye
- Status: announced
- Products: specialty steel, tool steel, duplex steel, high-speed steel, nickel and cobalt alloys, titanium, special stainless steels
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [TUSAŞ Motor Sanayii AŞ (TEI)](https://endata.com/companies/56601.md) (acquirer)
- [Verzane Metal](https://endata.com/companies/56602.md) (target)

## Sources

- [haber.aero](https://haber.aero/sivil-havacilik/tei-ozel-celik-sirketi-verzane-metale-ortak-oldu/), 2021-07-20: "TEI, Varzene Metal’in yüzde 50’ye yakınını satın aldığı bildirildi."

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