# Vallourec completes acquisition of remaining 49% stake in VAM USA

Vallourec S.A. completed the acquisition of the remaining 49% stake in VAM USA, LLC from Sumitomo Corporation of Americas and Nippon Steel Oilfield Services Inc. for $41.6 million.

- Type: Acquisition
- Announced: 2021-07-28
- Where: United States
- Value: $41.6M
- Status: completed
- Products: oilfield services
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Vallourec](https://endata.com/companies/335.md) (acquirer)
- [Sumitomo Corporation of Americas](https://endata.com/companies/29149.md) (partner)
- [Nippon Steel Oilfield Services Inc.](https://endata.com/companies/56715.md) (partner)
- [VAM USA, LLC](https://endata.com/companies/56716.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/VALLOUREC-4723/news/Vallourec-S-A-ENXTPA-VK-completed-the-acquisition-of-remaining-49-stake-in-VAM-USA-LLC-from-Sum-37070516/), 2021-07-27: "Vallourec S.A. (ENXTPA:VK) completed the acquisition of remaining 49% stake in VAM USA, LLC from Sumitomo Corporation of Americas and Nippon Steel Oilfield Services Inc."

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