Atlas Holdings Acquires EVRAZ North America to Form Orion Steel

June 27, 2025

Atlas Holdings has completed the acquisition of EVRAZ Inc. NA and EVRAZ Inc. NA Canada (together, EVRAZ North America) and has formed Orion Steel to operate the acquired businesses. The transaction creates a well-capitalized North American steel platform with ~3,400 employees, significant steelmaking and finished steel capacity, and operations in the United States and Canada.

Buyers
Atlas Holdings
Targets
EVRAZ North America (EVRAZ Inc. NA and EVRAZ Inc. NA Canada)
Sellers
EVRAZ plc (ultimate parent)
Industry
Manufacturing
Location
Illinois, United States
Transaction Type
Buyout

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