Universal Stainless Announces Completion of its Acquisition by Aperam

Core Viewpoint - Universal Stainless & Alloy Products, Inc. has completed its acquisition by Aperam S.A., with stockholders receiving $45.00 per share in an all-cash transaction [1][3]. Group 1: Acquisition Details - The acquisition was announced on October 17, 2024, and approved by Universal stockholders on January 15, 2025 [3]. - Following the acquisition, Universal has become a wholly-owned subsidiary of Aperam, and its shares have ceased trading on NASDAQ [3]. Group 2: Strategic Implications - The combination of Aperam and Universal aims to enhance innovation and deliver high-quality, sustainable solutions, particularly in aerospace and industrial applications [2][4]. - Aperam's CEO highlighted that this acquisition is a strategic step to decommoditize their product portfolio and create innovative, high-performance solutions [4]. Group 3: Company Profiles - Universal Stainless & Alloy Products, Inc. manufactures specialty steels, including stainless steel and nickel alloys, serving industries such as aerospace and energy [6]. - Aperam is a global leader in stainless, electrical, and specialty steel, with a production capacity of 2.5 million tonnes and operations in Brazil, Belgium, and France [7][8].