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EY advises Outokumpu in divesting Mexican branch distribution business

Authors

  • Olli Kemppinen

    EY Finland, Financial Services, Head of Valuation, Modelling and Economics

  • Mikko Tuoma

    Senior Manager, Corporate Finance, Strategy and Transactions, EY Finland

24 Jun 2024

Outokumpu Oyj (“Outokumpu”), one of the global leaders in the stainless steel industry, has on 24 June announced the divestment of its branch distribution business in Mexico to Prominox, the largest stainless steel distributor in Mexico.

Outokumpu expects to complete the divestment within the next several weeks. The transaction will be carried out as an asset sale, where Prominox acquires the ongoing branch distribution business operations and related customer base.

 

The divestment is a natural step for Outokumpu in line with their strategy to dedicate more resources to the strategic areas of the Americas (Mexico and U.S.). Outokumpu's other operations in Mexico are not affected by the divestment. Financial terms of the transaction were not disclosed.

 

EY supported Outokumpu in the transaction with a cross-border deal team comprising professionals from Mexico and Finland. More information can be found on Outokumpu’s press release.

Summary 

EY Corporate Finance acted as the exclusive financial advisor to Outokumpu in the transaction and provided support with a cross-border deal team comprising professionals from Mexico and Finland.

About this article

Authors

  • Olli Kemppinen
    EY Finland, Financial Services, Head of Valuation, Modelling and Economics
  • Mikko Tuoma
    Senior Manager, Corporate Finance, Strategy and Transactions, EY Finland
Related topics
Strategy and Transactions

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