Aperam, a company specialised in stainless, electrical and specialty steel, recently agreed to purchase Universal Stainless and Alloy Products, a manufacturer and marketer of semi-finished and finished specialty steels.
Aperam will acquire all the outstanding Universal shares for USD 45 per share. Once the transaction is complete, Universal will become a wholly-owned subsidiary of Aperam and will do business as Universal Stainless. It will maintain its headquarters in Bridgeville.
The purchase allows Aperam to strengthen its commitment to de-commoditization and increases its exposure to high-margin industries.
Aperam has customers in more than 40 countries. The business is organized into three operating segments: stainless and electrical steel, services and solutions, and alloys and specialties.
