Deal Snapshot
LIBERTY STEEL ACQUIRES US MANUFACTURER JOHNSTOWN WIRE
Tuesday 11 June 2019

British businessman Sanjeev Gupta's Liberty Steel, part of the UK-based GFG Alliance, has expanded its footprint in the US steel downstream products market with the acquisition of Johnstown Wire Technologies in Johnstown, Pennsylvania, the company said.
Johnstown Wire is the largest producer of value-added carbon and alloy wire in North America. The acquisition from private investment firm, Aterian Investment Partners, was financed by group equity along with loans from PNC Business Credit and gives Liberty valuable capacity to manufacture a range of carbon and alloy wire products for multiple end markets including the infrastructure, automotive, utility and consumer sectors.


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Details
Date Published: 11/06/2019
Target: Johnstown Wire Technologies
Country: USA
Sector: Machinery/Engineering
Type: Corporate acquisition
Status: Closed
Vendor:
Buyer: Liberty Steel
Comment:
Terms of the deal were not disclosed

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