Deal Snapshot
Alloy Steel Acquires Arcoplate Core IP for AUD 17.8m
Thursday 26 March 2020

Australia-based Alloy Steel International, Inc. (OTC: AYSI) has acquired the Arcoplate core intellectual property utilised by AYSI in its production of key products, for a total consideration of AUD 17.8m (USD 10.6m) to expand product types and product specifications, the company said.
Terms of payment include a cash element of AUD 10.4m (USD 6.2m) due upon the signing of the definitive purchase agreement and AUD 7.4m (USD 4.4m) due in instalments pursuant to a promissory note. The note will be repaid in monthly payments of principal plus accrued interest over 5 years.

Date Published: 26/03/2020