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ArcelorMittal acquires Bayou Steel for $475 mn

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BS Reporter Mumbai
Last Updated : Jan 20 2013 | 9:23 PM IST

Bayou Steel is an independent producer of medium and light structural steel and bar size products. The company has facilities in LaPlace, Louisiana, and Harriman in Tennessee. 

"We are excited by the opportunity that this acquisition represents as it further strengthens our long product portfolio, customer base and distribution network in North America. We look forward to welcoming our new colleagues and to capture the synergies generated by integrating these operations into the ArcelorMittal group," ArcelorMittal Long Carbon North America CEO Jos Jacqu

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