Aperam’s proposed acquisition of ELG receives green light from the European Commission
Luxembourg 26 November 2021 (13:00 CET) – Aperam, announces today that the pending acquisition of ELG, a
global leader in stainless and alloys recycling, has been approved by the European Commission. As previously
communicated, the completion of the acquisition is expected in Q4 2021.
Aperam is a global player in stainless, electrical and specialty steel, with customers in over 40 countries. The business is organised in
three primary operating segments: Stainless & Electrical Steel, Services & Solutions and Alloys & Specialties.
Aperam has a flat Stainless and Electrical steel capacity of 2.5 million tonnes in Brazil and Europe and is a leader in high value
specialty products. In addition to its industrial network, spread over six production facilities in Brazil, Belgium and France, Aperam has
a highly integrated distribution, processing and services network and a unique capability to produce stainless and special steels from
low cost biomass (charcoal made from its own FSC-certified forestry). In 2020, Aperam had sales of EUR 3,624 million and steel
shipments of 1.68 million tonnes.
For further information, please refer to our website at www.aperam.com