Universal Stainless & Alloy Products, Inc. has just announced the completion of its acquisition by Aperam S.A. This acquisition, which was finalized on January 23, 2025, saw Universal stockholders entitled to receive $45.00 per share of Universal’s common stock in an all-cash transaction. The acquisition was initially announced on October 17, 2024, and approved by Universal stockholders at a special meeting held on January 15, 2025. As a result of the acquisition, Universal has become a wholly-owned subsidiary of Aperam, and the shares of Universal common stock, previously traded under the symbol USAP, have ceased trading on the NASDAQ stock market.
Christopher M. Zimmer, President and CEO of Universal, expressed excitement about the acquisition, highlighting the potential for collaboration with Aperam to innovate and deliver high-quality, sustainable solutions to customers. Timoteo Di Maulo, Aperam’s CEO, also expressed delight in welcoming Universal to the Aperam family, emphasizing the strategic importance of the acquisition in providing innovative, high-performance solutions for key industries such as aerospace.
Universal Stainless & Alloy Products, Inc., established in 1994 and headquartered in Bridgeville, PA, specializes in manufacturing and marketing semi-finished and finished specialty steels, including stainless steel, nickel alloys, tool steel, and certain other alloyed steels. These products are utilized in various industries, including aerospace, energy, and heavy equipment manufacturing.
On the other hand, Aperam is a global player in stainless, electrical, specialty steel, and recycling, with a customer base in over 40 countries. The business is organized into four primary operating segments: stainless & electrical steel, services & solutions, alloys & specialties, and recycling & renewables. Aperam has a flat stainless and electrical steel capacity of 2.5 million tonnes in Brazil and Europe and is a leader in high-value specialty products.
The completion of this acquisition represents a significant milestone for both Universal and Aperam, creating opportunities for growth and value creation as the two companies work together to capitalize on their complementary capabilities and resources. Today the company's shares have moved 0.0% to a price of $44.99. If you want to know more, read the company's complete 8-K report here.
