# 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.

- Type: Acquisition
- Announced: 2022-07-07
- Where: Shreveport, Louisiana, United States
- Value: $460.0M
- Status: announced
- Capacity: 400,000 metric tons per year
- Products: seamless steel pipe
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Tenaris](https://endata.com/companies/2544.md) (acquirer)
- [Benteler Steel & Tube Manufacturing Corporation](https://endata.com/companies/64024.md) (target)
- [Benteler North America Corporation](https://endata.com/companies/64025.md) (partner)

## Sources

- [stocktitan.net](https://www.stocktitan.net/news/TS/tenaris-to-acquire-benteler-steel-tube-pipe-manufacturing-plant-in-7i1po36ownkb.html), 2022-07-07: "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."

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