Acquiring Company
Acerinox
Acquired Company
Haynes International
Madrid
KokomoManufacturingMiningPrecious MetalsBuilding MaterialManufacturingPrimary Metal ManufacturingDescription
Acerinox, a global leader in the manufacturing and distribution of stainless steel and high-performance alloys, has announced the acquisition of Haynes International in an all-cash transaction. The acquisition is aligned with Acerinox’s strategic priority of enhancing its focus on value-added products, strengthening its global leadership in high-performance alloys, and creating opportunities in the high-growth aerospace segment and the U.S. market. The transaction is expected to be immediately accretive to Acerinox’s earnings per share in its first year of ownership and is anticipated to close in the third quarter of 2024, subject to regulatory approval.
Quick answer
Acerinox is acquiring Haynes International, announced February 5, 2024. Acerinox is based in Madrid, Community Of Madrid, Spain.
- How much did Acerinox pay for Haynes International?
- The deal value was not disclosed.
- What does Acerinox do?
- Acerinox is a leading global company in the manufacturing and distribution of stainless steel and high-performance alloys.
- Where are Acerinox and Haynes International based?
- Acerinox is based in Madrid, Community Of Madrid, Spain. Haynes International is based in Kokomo, Indiana, United States.
- Who are the decision-makers at Acerinox?
- Fundz holds 1 contact at Acerinox. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Haynes International?
Haynes International was acquired by Acerinox, based in Madrid. The deal was reported on February 5, 2024. Acerinox is a leading global company in the manufacturing and distribution of stainless steel and high-performance alloys. Acerinox is privately held and operates in Manufacturing.
When did Acerinox acquire Haynes International?
Acerinox's acquisition of Haynes International was reported on February 5, 2024. Acerinox, a global leader in the manufacturing and distribution of stainless steel and high-performance alloys, has announced the acquisition of Haynes International in an all-cash transaction. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Haynes International do?
Haynes International is a leading developer, manufacturer, and marketer of technologically advanced high-performance alloys with a strong emphasis on innovation, R&D capabilities, and business accomplishments. It is privately held, operating in Manufacturing, and is based in Kokomo.
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