Aperam completes acquisition of ELG

Aperam announced today the completion of the acquisition of ELG, after the acquisition received all necessary regulatory approvals without conditions. Together, Aperam and ELG will be working towards a closed loop economy in the Stainless Steel and Superalloys industry.

ELG had been acquired for an Enterprise Value of EUR 357m. ELG will be fully consolidated into the Aperam Group as from Dec. 31, 2021 under a new segment “Recycling”.

ELG will continue its business, acting as a separate and independent company, serving all of our customers in their best interests and working with both new and existing suppliers to develop our relationship further.

Read here the full press release.  

Aperam press contact: Laurent Beauloye, laurent.beauloye@aperam.com

ELG Communications contact: Vera Heinz, vera.heinz@elgmetals.com