Ta Chen Stainless Pipe Co Ltd., a leading global supplier and mass distributor of stainless, aluminum and nickel alloy products, is to acquire Empire Resources Inc. for USD $58 million to expand the Taiwanese companys presence in the US market.
Ta Chens US subsidiary, Ta Chen International Inc., is one of the largest mass distributors of stainless metal products with a 30 percent market share in the US. Empire will operate as a wholly-owned subsidiary of Ta Chen, while its management team and reporting structure would remain unchanged this year.
The acquisition is expected to be completed on May 15th, 2017.