Ferrous Processing and Trading Company

Activity by year

202120222023202420252026

Acquisition

Oct 11, 2021ACQUISITIONDetroit, Michigan, United States$775.0M
Cleveland-Cliffs to acquire Ferrous Processing and Trading for $775M
Cleveland-Cliffs Inc. has agreed to acquire Ferrous Processing and Trading Company (FPT), a scrap processor and distributor, for an enterprise value of approximately $775 million. FPT processes about three million tons of scrap per year.
Cleveland-Cliffs acquirer Ferrous Processing and Trading Company target #Steel and Metal Products clevelandcliffs.com

Acquired by

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