Aperam to Acquire Universal Stainless & Alloy Products

Aperam S.A., a leader in stainless and specialty steel solutions, has signed a definitive agreement to acquire Universal Stainless & Alloy Products, Inc. The transaction, valued at $539 million, will be conducted at $45.00 per share, paid entirely in cash. This acquisition is expected to yield annual synergies of $30 million, augmenting earnings and cash flow. The deal aligns with Aperam's strategy to expand in the aerospace and industrial markets.

Universal, headquartered in Pennsylvania, is a key supplier to aerospace and industrial sectors. The acquisition is set to close in the first half of 2025, pending necessary approvals. This move will allow Aperam to enhance its geographical reach and product range, offering a more stable and diverse portfolio. Both companies will benefit from reduced supply risk and improved customer services. Integration costs are expected to be minimal due to their complementary nature.