AK Steel received a Deal Maker of the Year award from the Association for Corporate Growth (ACG) for the company’s USD 690M acquisition of Severstal Dearborn. The award was presented at the ACG Cincinnati chapter’s annual awards event held on 13 May 2015. ACG presented awards in five categories. AK Steel and The Kroger Company were award winners in the category for corporations with over USD 1B in annual revenues.
“We are honoured to be recognised by ACG for our Dearborn acquisition, and we extend our sincere congratulations to Kroger and to each of our fellow Deal Maker award recipients”, said James L. Wainscott, chairman, president and CEO of AK Steel. AK Steel acquired the Dearborn integrated steelmaking operations located in Dearborn, Michigan in September 2014. The deal also included the acquisition of the Mountain State Carbon coke-making facility in Follansbee, West Virginia and ownership in three joint ventures that finish flat rolled carbon steel products.
The annual ACG award recognises individuals and corporations for their pursuit of corporate growth via mergers and acquisitions along with efforts that drive continued growth and vitality of the region’s business community.
