Ta Chen Stainless Pipe Co., through its US branch Ta Chen International, acquired an idled aluminum coil manufacturing facility in Texarkana, previously owned by Arconic, in 2018. The company invested over $600 million in equity for acquisitions and expansion in 2018-2019.
Ta Chen Stainless Pipe Co plans to acquire Alumax Mill Products Inc for US$350 million in cash to increase aluminum manufacturing capacity in the US and bypass heavy tariffs, with the transaction expected to close in Q2 2019.
Empire Resources, Inc., a distributor of semi-finished metal products, has entered into a definitive merger agreement to be acquired by a unit of Ta Chen Stainless Pipe Co., Ltd. for $7.00 per share in cash, with an aggregate value of approximately $58 million.