Acerinox (via North American Stainless) Acquires Haynes International

February 5, 2024

Acerinox entered into a definitive agreement to acquire Haynes International in an all-cash transaction valued at about $970 million enterprise value. Acerinox will buy all outstanding shares of Haynes for $61.00 per share through its wholly owned U.S. subsidiary, North American Stainless (NAS), and plans to invest about $200 million over four years in the combined U.S. operations, mostly in Kokomo, Indiana.

Buyers
Acerinox, North American Stainless (NAS)
Targets
Haynes International
Industry
Manufacturing
Location
Indiana, United States
Transaction Type
Buyout

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