July 11, 2022 |
Tenaris, a unit of the Argentine-Italian industrial conglomerate Techint, said late Thursday it agreed to buy Benteler Steel & Tube Manufacturing Corp in Louisiana for $460 million, expanding its production range and presence in the US market.
The Luxembourg-based producer of steel tubes for the energy industry said the cash-free, debt-free deal includes $52 million of working capital, according to a press release.
The deal is expected to close in the fourth quarter of this year, subject to
Argentine-Italian group pays $460 mln for the German manufacturer's business in Louisiana