# 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.

- Type: Acquisition
- Announced: 2024-10-15
- Where: Pasir Gudang, Malaysia
- Value: $95.0M (408.0M MYR)
- Status: announced
- Capacity: 77,000 tons per year
- Products: cold-rolled stainless steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Acerinox S.A.](https://endata.com/companies/27584.md) (partner)
- [Worldwide Stainless Sdn. Bhd.](https://endata.com/companies/80432.md) (acquirer)
- [Bahru Stainless Sdn. Bhd.](https://endata.com/companies/80433.md) (target)

## Sources

- [businesstoday.com.my](https://www.businesstoday.com.my/2024/10/15/worldwide-stainless-acquires-shut-bahru-stainless-for-rm408-million/), 2024-10-15: "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."
- [metallurgprom.org](https://metallurgprom.org/en/publications/analytics/15741-obzor-meps-po-slijanijam-i-pogloschenijam-v-mirovom-stalelitejnom-sektore.html), 2024-11-03: "Acerinox has entered into an agreement to sell its Malaysian subsidiary Bahru Stainless to Worldwide Stainless for US$95 million."

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