# Acerinox to acquire Haynes International for $61 per share

Haynes International agreed to be acquired by North American Stainless, a wholly owned subsidiary of Acerinox, for $61.00 per share in cash. Acerinox will also invest an additional $200 million in U.S. operations, including $170 million in Haynes' operations.

- Type: Acquisition
- Announced: 2024-02-05
- Where: Kokomo, Indiana, United States
- Value: $798.0M
- Status: announced
- Products: high-performance nickel- and cobalt-based alloys
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [North American Stainless](https://endata.com/companies/16318.md) (acquirer)
- [Acerinox S.A.](https://endata.com/companies/27584.md) (acquirer)
- [Acerinox S.A.](https://endata.com/companies/27584.md) (partner)
- [Haynes International](https://endata.com/companies/75455.md) (target)

## Sources

- [haynesintl.com](https://haynesintl.com/en/haynes-international-announces-agreement-to-be-acquired-by-north-american-stainless-a-wholly-owned-subsidiary-of-acerinox/), 2024-02-05: "Haynes Stockholders to Receive $61.00 Per Share in Cash, Delivering Significant and Immediate Value."
- [eurometal.net](https://eurometal.net/spains-acerinox-agrees-to-buy-us-steel-alloy-specialist-haynes/), 2024-02-06: "Spanish steelmaker Acerinox has agreed to buy US nickel and cobalt alloy specialist Haynes in a $798 million deal, it said in a stock market filing Feb. 5, with the takeover expected to take place in the third quarter of 2024."
- [aerooutlook.com](https://aerooutlook.com/acerinox-to-buy-haynes/), 2024-03-05: "Acerinox plans to invest $170M into the ~$600M US maker of specialty nickel-based alloys once the transaction closes, expected to be in Q3 of 2024."
- [spotonindiana.com](https://spotonindiana.com/in-business/2186642/haynes-international-acquired-for-970m.html), 2024-03-10: "Haynes International, Inc. ... announced it has entered into a definitive agreement to be acquired by North American Stainless, a wholly owned subsidiary of Acerinox."

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