VDM Metals

Acerinox, a Spanish stainless steel manufacturer, has acquired VDM Metals GmbH of Germany for €532 million. The acquisition has received regulatory approvals and is expected to create a global leader in special nickel alloys and high-performance stainless steels.

Acerinox SA has reached an agreement to acquire VDM Metals Holding GmbH, a specialty alloys producer, for €532 million ($586.28 million). The transaction is expected to close by late Q1 2020.

Lindsay Goldberg has agreed to sell VDM Group (VDM Metals GmbH) to Acerinox S.A. The acquisition is subject to antitrust approval.

Aperam S.A. has proposed the acquisition of VDM Metals Holding GmbH. The acquisition is in Phase II review by the European Commission, with a decision by April 16, 2019.

Lindsay Goldberg has signed a share purchase agreement with Aperam to sell its shares in VDM Metals GmbH for an enterprise value of €596 million. Closing is subject to merger control approval and is expected in the second half of 2018.

Aperam has signed a share purchase agreement with Lindsay Goldberg to acquire VDM Metals Holding GmbH for EUR 438 million. The deal is expected to close in the second half of 2018.

VDM Metals is investing around EUR 21 million in a new bright annealing line at its Werdohl site to boost strip production capacity by 30%. Construction is set to commence in mid-2017.