Acerinox (via North American Stainless) Acquires Haynes International

February 5, 2024

Acerinox, through its wholly owned U.S. subsidiary North American Stainless, has agreed to acquire Haynes International in an all-cash transaction valuing Haynes at approximately $798 million equity ($970 million enterprise value) at $61.00 per share. The deal strengthens Acerinox's high-performance alloys capabilities, expands its presence in the U.S. and aerospace markets, and includes a planned ~$200 million investment in the combined U.S. operations over four years.

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

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.