Acerinox, a leading global company in the manufacturing and distribution of stainless steel and high-performance alloys, has completed, through its wholly owned U.S. subsidiary – North American Stainless (“NAS”) – the acquisition of Haynes International (“Haynes”), a U.S. leading manufacturer and marketer of technologically advanced high-performance alloys.
Together, Haynes and VDM Metals will form Acerinox’s High-Performance Alloys (HPA) Division. The integration of Haynes will support Acerinox’s strategic priorities, including the company’s focus on enhancing its operations in the U.S. market, high-performance alloys, and the aerospace sector. Acerinox will invest approximately $200 million over the next four years in the newly combined U.S. business, mostly in Haynes’s operations in Kokomo, to create an integrated high-performance alloy and stainless-steel platform.
Courtesy of North American Stainless.