# Marcegaglia Group to acquire Outokumpu's long stainless products division

Marcegaglia Group signed an agreement to acquire 100% of Outokumpu's stainless-steel long products division for €228 million. The deal includes steel mills and production plants in the UK, USA, and Sweden, and is expected to close by end of 2022.

- Type: Acquisition
- Announced: 2022-07-13
- Value: $231.0M (228.0M EUR)
- Status: announced
- Products: stainless steel long products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Outokumpu](https://endata.com/companies/21491.md) (target)
- [Marcegaglia](https://endata.com/companies/24769.md) (acquirer)

## Sources

- [marcegaglia.com](https://www.marcegaglia.com/officialwebsite/en/agreement-with-outokumpu-to-take-over-long-stainless-products-assets/), 2022-07-13: "Thanks to this important transformational investment, our group further strengthens its special steels business"

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