(WALA) – ArcelorMittal, in partnership with Nippon Steel and Sumitomo Metal Corporation completed their acquision of ThyssenKrupp AG’s steel processing plant in Calvert, Ala., February 26.
“We are proud and excited to have officially acquired one of the world’s most advanced steel finishing facilities. Since the November acquisition, we have been actively planning for the integration of Calvert into our business, and we anticipate a seamless transition – for our employees, our customers and the community. We have been impressed by the positive attitudes of the employees and the warm welcome from government officials. We are confident that together we will achieve the Calvert facility’s standard-setting potential,” said ArcelorMittal USA president and CEO Michael G. Rippey.
The Calvert plant has a total capacity of 5.3 million tons including hot rolling, cold rolling, coating and finishing lines.
ThyssenKrupp spent $5 billion to construct its facility in Calvert, which opened in 2010. The selling price was $1.55 billion.