Aperam, a stainless and specialty steelmaker, has completed the acquisition of Universal Stainless & Alloy Products, a US-based supplier in the aerospace and industrial sectors.
By joining forces, Aperam and Universal Stainless & Alloy Products hope to strengthen their capabilities, enhance their value chain, and deliver superior products and services to their global customer base.
''This acquisition is a key step in our strategic plan to decommoditize our product portfolio and expand our Alloys & Specialties solutions, providing innovative, high-performance applications for critical industries such as aerospace, as well as expand Aperam’s core markets into the United States.''
Timoteo Di Maulo, CEO, Aperam
Aperam’s CEO, Timoteo Di Maulo, commented: “We are delighted to welcome Universal Stainless & Alloy Products with its more than 750 employees to the Aperam family. This acquisition is a key step in our strategic plan to decommoditize our product portfolio and expand our Alloys & Specialties solutions, providing innovative, high-performance applications for critical industries such as aerospace, as well as expand Aperam’s core markets into the United States. By combining our strengths, we will also deliver more innovative products to our customers, unlocking new opportunities for growth and value creation.”
“Joining Aperam provides Universal Stainless & Alloy Products with the resources and global reach needed to accelerate our growth trajectory.''
Christopher Zimmer, CEO, Universal Stainless & Alloy Products
Universal’s CEO, Christopher Zimmer, added: “Joining Aperam provides Universal Stainless & Alloy Products with the resources and global reach needed to accelerate our growth trajectory. We share a strong commitment to quality, innovation and performance, and we are excited about the possibilities this partnership creates for our employees, customers, and stakeholders.’’
Source: Lesechos