Tenaris to acquire Benteler Steel & Tube plant in Shreveport, Louisiana

Tenaris S.A. agreed to acquire 100% of Benteler Steel & Tube Manufacturing Corporation for US$460 million, including US$52 million of working capital. The facility has an annual capacity of 400,000 metric tons of seamless steel pipe.

“This acquisition, which includes US$52 million of working capital, aims to bolster Tenaris's production capacity and local manufacturing presence in the U.S. market.”stocktitan.net

• 1 source
• stocktitan.netTenaris to acquire Benteler Steel & Tube pipe manufacturing plant in Shreveport, Louisiana | TS Stock NewsTenaris S. A.Jul 7, 2022

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