# ArcelorMittal to buy 80% of Voestalpine HBI plant in Texas

ArcelorMittal SA agreed to acquire 80% of Voestalpine's hot briquetted iron plant in Corpus Christi, Texas, in a deal valuing the operations at $1 billion. The acquisition includes a long-term offtake agreement with Voestalpine.

- Type: Acquisition
- Announced: 2022-04-14
- Where: Corpus Christi, Texas, United States
- Value: $1.00B
- Status: announced
- Products: hot briquetted iron
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (acquirer)
- [voestalpine](https://endata.com/companies/19723.md) (target)

## Sources

- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/arcelormittal-agrees-to-buy-80-of-voestalpine-plant-in-texas), 2022-04-14: "This is a compelling strategic acquisition for our 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.