Evraz acquires Claymont Steel for $564.8 million

By Lisa Kerner

Charlotte, N.C., Jan. 25 - Evraz Group SA completed its acquisition of Claymont Steel Holdings, Inc. in a short-form merger.

Titan Acquisition Sub, Inc., an indirect wholly owned subsidiary of Evraz, was merged with and into Claymont Steel.

Claymont Steel is now an indirect wholly owned subsidiary of Evraz, a company news release stated.

Titan Acquisition completed a $23.50-per-share cash tender offer for Claymont Street on Jan. 17.

It was previously reported that Evraz agreed to acquire Claymont Steel in a deal valued at $564.8 million in order to expand Evraz's presence in North America.

Evraz is a vertically integrated steel and mining business based in Luxembourg.

Claymont Steel manufactures and sells custom discrete steel plate. The company is located in Claymont, Del.

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