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Worldwide Stainless acquires Bahru Stainless for RM408 million · Endata

◂ Announcements

Oct 15, 2024ACQUISITIONPasir Gudang, Malaysia

Worldwide Stainless acquires Bahru Stainless for RM408 million

Worldwide Stainless Sdn. Bhd. agreed to acquire Bahru Stainless Sdn. Bhd. from Acerinox S.A. for RM408 million (USD 95 million). The transaction is expected to close by end of November 2024, and Worldwide Stainless plans to restart operations and rehire nearly 90% of the retrenched workforce.

Value

$95.0M (408.0M MYR)

Status

Announced

Capacity

77,000 tons per year

Productscold-rolled stainless steel

CompaniesAcerinox S.A. partner Worldwide Stainless Sdn. Bhd. acquirer Bahru Stainless Sdn. Bhd. target

Sectors#Steel and Metal Products

“Worldwide Stainless Sdn. Bhd. has agreed to acquire Bahru Stainless Sdn. Bhd. from Spain-based stainless steel leader Acerinox S.A. for a total consideration of RM408 million.”businesstoday.com.my

2 sources
businesstoday.com.myWorldwide Stainless Acquires Shut Bahru Stainless For RM408 MillionOct 15, 2024
metallurgprom.orgMEPS Review of Mergers and Acquisitions in the Global Steel Sector » MetallurgpromNov 3, 2024

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

More from Acerinox S.A.

Nov 22, 2024INVESTMENTKokomo, Indiana, United States$170.0M
Acerinox plans $170M investment in Haynes International Kokomo operations
Acerinox S.A.Haynes International target kokomotribune.com
Nov 22, 2024ACQUISITIONKokomo, Indiana, United States$970.0M
Acerinox completes purchase of Haynes International
North American Stainless acquirer Acerinox S.A. acquirer kokomotribune.com
Nov 21, 2024ACQUISITIONKokomo, Indiana, United States$200.0M
Acerinox completes acquisition of Haynes International
Acerinox S.A. acquirer Haynes International target businesswire.com
Jun 27, 2024ACQUISITIONKokomo, Indiana, United States
CFIUS clears North American Stainless merger with Haynes International
North American Stainless acquirer Acerinox S.A. acquirer finance.yahoo.com steelorbis.com ssw-americas.com
Feb 5, 2024INVESTMENTKokomo, Indiana; Arcadia, Louisiana; Mountain Home, North Carolina, United States$200.0M
Acerinox plans $200 million investment in US Haynes sites
Acerinox S.A.Haynes International partner eurometal.net
Feb 5, 2024INVESTMENTUnited States$200.0M
Acerinox to invest $200 million in U.S. operations including $170 million at Haynes
Haynes International Acerinox S.A. investor haynesintl.com

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