The report below provides a good overview of the 1st Quarter M&A activity in the Metal Fabrication Industry Sector. M&A activity for North American based target companies in the Fabricated Metal sector for Q4 2017 included 29 closed deals, according to data published by industry data tracker FactSet.
One of the notable transactions of the quarter closed in November when DBM Global, Inc. (OTC PINK:DBMG), a family of companies providing fully integrated structural and steel construction services, and an operating subsidiary of HC2 Holdings, Inc. (NYSE:HCHC), announced that it had entered into an agreement to acquire the assets of Mountain States Steel, Inc. Mountain States Steel fabricates, supplies, and installs custom fabricated structural steel products.
The final quarter of 2017 saw a decline in iron and steel production based, in part, on a decline in a demand for imports.
- US durable goods manufacturers’ shipments of fabricated metal products, an indicator of fabricated metal parts production, rose 7.5% year-to-date in November 2017 compared to the same period in 2016.
- US steel mill product prices, an indicator of commodity steel costs for fabricated metal products manufacturers, rose 7.8% in December 2017 compared to the same month in 2016.
Posted by Robert Contaldo.
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