# 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.

- Type: Acquisition
- Announced: 2024-05-31
- Where: Fos-sur-Mer, France
- Value: $868.0M (800.0M EUR)
- Jobs: 323
- Status: completed
- Products: bearing steels, engineering steels
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Marcegaglia](https://endata.com/companies/24769.md) (acquirer)
- [Ascometal](https://endata.com/companies/77759.md) (target)

## Sources

- [bredinprat.fr](https://www.bredinprat.fr/en/news/bredin-prat-advises-marcegaglia-as-it-buys-ascometal-fos-sur-mer-a-specialist-in-the-production-of-bearing-and-engineering-steels/), 2024-05-31: "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."

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