Tue. Jul 23rd, 2019

Quarterly information within the steel manufacturing sector

The report beneath offers a superb overview of the M & A exercise within the metals manufacturing sector within the second quarter. In line with knowledge launched by the FactSet knowledge tracker, M & A transactions for North American-based goal firms within the steel manufacturing sector within the first quarter of 2019 concerned 55 transactions

One of many notable mid-market transactions was introduced in March when Tribus Aerospace LLC, a holding firm of Shorehill Capital LLC, acquired Midwest Precision LLC for an undisclosed quantity. Antares Capital Corp supplied mortgage capital and fairness to Tribus Aerospace. The acquisition goals to develop Tribus Aerospace's service providing. Based in 1953, Midwest Precision is positioned in Eastlake, Ohio. It offers outsourced manufacturing companies within the precision machining of stainless-steel, aluminum and unique supplies.

Business Indicators

Shipments of steel merchandise by sturdy items producers in america, an indicator of the manufacturing of steel components, elevated 5.eight% in February 2019 in comparison with the identical interval in 2018.
The worth of metal merchandise in america, an indicator of metal commodity prices for fabricated steel product producers, elevated by 10.three% in March 2019 in comparison with the identical month in 2018.

Posted by Jim Zipursky.

Learn right here the whole quarterly e-newsletter of Steel Manufacturing

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