acerinox set to buy vDm metals, boost sales in troubled market

摘要

London—Spain-based stainless steelmaker Acerinox SA said Friday it has reached an agreement to acquire VDM Metals Holding GmbH (VDM Metals), a specialty alloys producers headquartered in Germany, from Lindsay Goldberg Vogel GmbH and Falcon Metals BV for Eur532 million ($586.28 million). With the acquisition, Acerinox expects to boost its group net sales and EBITDA by over 20%, it said.