Acerinox : Acquisition of VDM: major strategic progress
>An acquisition which looks obvious…in hindsight - Acerinox has concluded an agreement on the acquisition of VDM Metals, a leader in special alloys, to the Lindsay Goldberg Vogel GmbH and Falcon Metals BV funds. This surprise acquisition marks, in our view, major strategic progress for Acerinox. It should enable the group to 1/ reduce its dependence vis-à -vis the US (42% of pro forma sales vs 47% of Acerinox’s sales) whilst diversifying towards 2/ higher value-added ...Acerinox is the parent company of a group engaged in the manufacture and sale of flat and long stainless steel products, and stainless steel wires. Co.'s major products include slabs, billets, black coils, plates, hot-rolled coils, hot-rolled sheets, flat bars, hot-rolled re-bars, hot-rolled black bars, engraved sheets, cold-rolled coils, cold-rolled sheets and circles. Co. also provides long stainless steel products, such as wire rods, angles, hot rolled flat bars, hot rolled re-bars, reinforced bars in coils, cold rolled re-bars, hot rolled black bars, cold drawn bars, and smooth turned bars. In addition, Co. offers wires, welding wire bars, and bars for electrodes.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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