Tenaristhe multinational subsidiary of metals of Techint . Group Expands operations and signs a contract to stay with a tube plant of Benteler Steel & Tube Manufacturing Group in Louisiana, USA, for which it paid $460 million.
Bentler Steel & Pipe Manufacturing Co. It produces seamless steel tubes at its production plant located in Shreveport, Louisiana, and the annual tube rolling capacity is 400,000 metric tons. Techint Group said in a statement that Tenaris will acquire 100% of Benteler Steel without cash or debt, including $52 million in working capital.
Tenaris said the deal is subject to regulatory approval from US antitrust authorities and other local entities, although the merger is expected to expire during the latter part of the year.
Tenaris is a giant company with a turnover of $6.5 billion in 2021 and employs 23,000 people. Its plants have a production capacity of 7.3 million tons of seamless and seamless tubes.
Among its subsidiaries, in addition to the Tenaris factory in Campana, Tamsa (Mexico), Dalmen (Italy), Bay City (USA), Algoma Tubes (Canada), Silkotop (Romania), NK K Tubes (Japan) and Konbab (Brazil) .