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P&A Closes Cross-Border Steel Industry Deal

Peckar & Abramson’s New Jersey office represented JSW Steel Ltd. in its acquisition of 100% of the equity of Acero Junction Holdings Inc., the Owner of a steel manufacturing facility in Mingo Junction, OH for a purchase price of approximately $81 million. JSW is a one of the largest steel conglomerates in India and plans to put substantial resources into the Ohio facility in order to expand its operations. In conjunction with JSW’s planned investment of $500 million into the upgrade of JSW’s steel facility in Texas, this transaction is part of JSW’s plan to grow its presence in the US market.

The P&A team, led by Stephen Katz, consisted of Stephen, Abby Weiner, Ian Schlanger, Craig Spector, Lois Frisina and Amy Campolo. The transaction was also supported by David Scriven-Young with respect to environmental issues.

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