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Marcegaglia acquires Ascometal Fos-sur-Mer steel site · Endata

◂ Announcements

Steel and Metal Productsworld trade 2024+3.9% 5Y CAGR

May 31, 2024ACQUISITIONFos-sur-Mer, France

Marcegaglia acquires Ascometal Fos-sur-Mer steel site

Marcegaglia, a European steel processor, acquired the Ascometal Fos-sur-Mer site in France through a court-supervised insolvency proceeding, with an investment of over €800 million. All 323 employees will be transferred.

Value

$868.0M (800.0M EUR)

Jobs

323

Status

Completed

Productsbearing steelsengineering steels

CompaniesMarcegaglia acquirer Ascometal target

Sectors#Steel and Metal Products

“Pursuant to a ruling issued on 31 May 2024, the Judicial Court of Strasbourg selected Marcegaglia, a leading European steel producer specialised in steel processing, as buyer of the Ascometal Fos-sur-Mer site.”bredinprat.fr

1 source
bredinprat.frBredin Prat advises Marcegaglia as it buys Ascometal Fos-sur-Mer, a specialist in the production of bearing and engineering steels - Bredin PratMay 31, 2024

Summarized from public sources; check the original articles before acting on it.

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