# Borusan Mannesmann acquires Berg Pipe from EUROPIPE

EUROPIPE GmbH sold its US subsidiary Berg Pipe to Borusan Mannesmann, effective April 13, 2023. Berg Pipe operates steel pipe plants in Mobile, Alabama and Panama City, Florida.

- Type: Acquisition
- Announced: 2023-04-13
- Where: Mobile, Alabama and Panama City, Florida, United States
- Value: $162.0M
- Status: completed
- Capacity: 550,000 mt per year
- Products: steel pipes, large-diameter pipes
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Berg Pipe](https://endata.com/companies/49205.md) (target)
- [Borusan Mannesmann](https://endata.com/companies/51295.md) (acquirer)
- [EUROPIPE GmbH](https://endata.com/companies/69729.md) (partner)
- [Berg EUROPIPE Holding Corporation](https://endata.com/companies/69730.md) (target)

## Sources

- [ca.marketscreener.com](https://ca.marketscreener.com/quote/stock/SALZGITTER-AG-436258/news/Salzgitter-EUROPIPE-GmbH-sells-Berg-Pipe-to-Borusan-Mannesmann-43487119/), 2023-04-13: "This transaction marks another step in our active portfolio management that we are pursuing under our 'Salzgitter AG 2030' corporate strategy."
- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/turkeys-borusan-mannesmann-acquires-europipes-us-units-for-162-million-1286577.htm), 2023-04-13: "The $162 million acquisition includes Berg EUROPIPE's submerged longitudinal welded pipe plant in Florida and spiral welded pipe plant in Alabama."

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