The report under supplies overview of third quarter M & A exercise within the steel manufacturing sector. In accordance with information launched by the FactSet information tracker, M & A exercise for North American-based goal corporations within the steel manufacturing sector within the second quarter of 2019 included 37 transactions entered into.
One of many notable mid-market transactions within the sector was introduced in April when Montage Companions LLC acquired Superior Manufacturing & Improvement, Inc., below the identify METALfx, a subsidiary of Avista Corp., for a charge undisclosed money. Montage Companions is a non-public fairness agency based mostly in Scottsdale, Arizona. Superior Manufacturing & Improvement manufactures sheet steel merchandise. The corporate gives laser slicing, welding, portray and powder coating, punching and stamping, forming and CNC machining providers. The corporate was based in 1976 and is headquartered in Willits, California.
Indicators of Trade
Shipments of steel merchandise by US sturdy items producers, an indicator of steel elements manufacturing, elevated four.four% in Could 2019 in comparison with the identical interval in 2018.
US metal mill costs, an indicator of metal commodity prices for fabricated steel product producers, decreased Three.four% in June 2019 in comparison with the identical month in 2018.
Posted by Jim Zipursky.
Learn right here the Metallic Manufacturing Quarter-Three Bulletin