Worthington Steel to Acquire Kloeckner & Co in €11.00 per Share Cash Tender Offer

Ferrero Acquires WK Kellogg Co

September 26, 2025

Food & Beverage

Ferrero completed its acquisition of WK Kellogg Co, which became a wholly owned subsidiary. The previously announced deal valued WK Kellogg at $23.00 per share in cash (total enterprise value of $3.1 billion) and supports Ferrero’s strategic growth in North America.

Nippon Steel Acquires U. S. Steel for $14.9 Billion with US ‘Golden Share’

June 18, 2025

Industrial Services

Nippon Steel Corporation agreed to acquire U. S. Steel in an all-cash transaction for $55.00 per share, valuing the enterprise at about $14.9 billion. The deal closed after U.S. national security requirements led to a National Security Agreement and issuance of a Golden Share granting the U.S. government enhanced consent/veto rights over certain major actions.

Worthington Steel Completes Acquisition of Controlling Equity Stake in Sitem Group

June 3, 2025

Industrial Services

Worthington Steel (through its subsidiary Tempel Steel Company, LLC) completed the acquisition of a controlling ~52% equity stake in Italy-based Sitem Group (Sitem S.p.A. and subsidiaries). The deal combines a cash investment, the acquisition of shares from existing shareholders, and the contribution of Worthington Steel’s Nagold, Germany facility, with an option for Worthington Steel to increase its ownership in the future.

Cleveland-Cliffs Completes Acquisition of Stelco Holdings

July 15, 2024

Manufacturing

Cleveland-Cliffs completed its previously announced acquisition of Stelco Holdings Inc. via a plan of arrangement. Under the deal, Stelco shareholders received CAD $60.00 cash per share plus 0.454 shares of Cleveland-Cliffs common stock per Stelco share (total consideration valued at CAD $3.27B).

Kadant Inc. Acquires KWS Manufacturing Company, Ltd.

January 24, 2024

Manufacturing

Kadant Inc. completed the acquisition of KWS Manufacturing Company, Ltd. for approximately $84 million in cash, financed primarily through borrowings under Kadant's revolving credit facility. KWS, based in Burleson, Texas, is a manufacturer of screw conveyors, screw feeders, slide gates, and bucket elevators serving food, chemical, and wood process industries; it has about 165 employees and reported $45 million in trailing twelve‑month revenue. The business will join Kadant's Material Handling reporting segment to expand product portfolios and internal capabilities.

Worthington Industries Acquires Tempel Steel Company

December 1, 2021

Manufacturing

Worthington Industries has acquired Tempel Steel Company for approximately $255 million, adding Tempel's headquarters in Chicago and five manufacturing facilities in Canada, China, India and Mexico. The acquisition, funded primarily with existing cash, brings about 1,500 employees and expands Worthington's capabilities in electrical steel laminations for transformers, motors and EV applications.