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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.
North American Stainless (NAS) dedicated a new $150 million bright and annealing line at its Ghent, Kentucky facility, creating 36 full-time jobs. The expansion, announced in March 2015, also includes a new cold rolling mill and increases plant production capacity by nearly 10%.