# Marcegaglia to acquire Outokumpu Long Products division for €228M

Italian re-roller Marcegaglia has agreed to acquire Outokumpu's Long Products division for €228 million, marking its first entry into steelmaking. The deal includes an electric arc furnace mill, wire rod and bar plants in the UK, US, and Sweden, and is expected to close by end of 2023.

- Type: Acquisition
- Announced: 2023-05-03
- Value: $228.1M (228.0M EUR)
- Status: announced
- Products: specialty steels, wire rod, bar
- 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

- [sabbas.com.tr](http://www.sabbas.com.tr/blog/xovc-marcegaglia-enters-steelmaking-with-outokumpu-longs-division-acquisition/), 2023-05-03: "Italian re-roller Marcegaglia has agreed to acquire Outokumpu’s Long Products division for €228 million ($228.1m)."

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