Universal Stainless Acquired by Aperam, Delists from NASDAQ

Tip Ranks
2025.01.23 17:05
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Universal Stainless & Alloy Products has been acquired by Aperam S.A., becoming a wholly-owned subsidiary as of January 23, 2025. Following the acquisition, Universal repaid all loans and its common stock has been delisted from NASDAQ. This strategic move aims to enhance growth and innovation, benefiting employees and customers while expanding Aperam’s specialty steel capabilities. Universal, established in 1994, manufactures specialty steels for industries like aerospace and energy.

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Universal Stainless & Alloy Products ( (USAP) ) has shared an update.

On January 23, 2025, Universal Stainless & Alloy Products, Inc. completed its acquisition by Aperam S.A., making it a wholly-owned subsidiary. Following this merger, Universal repaid all loans and terminated credit commitments, and its common stock ceased trading on NASDAQ. This acquisition, approved by Universal’s stockholders and announced in October 2024, is considered a strategic move to enhance growth and innovation, benefiting both employees and customers while expanding Aperam’s capabilities in specialty steel solutions.

More about Universal Stainless & Alloy Products

Universal Stainless & Alloy Products, Inc., established in 1994 and headquartered in Bridgeville, PA, manufactures and markets semi-finished and finished specialty steels, including stainless steel, nickel alloys, tool steel, and certain other alloyed steels. The company’s products are used in industries such as aerospace, energy, and heavy equipment manufacturing.

YTD Price Performance: 2.06%

Average Trading Volume: 195,894

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $419.7M

See more data about USAP stock on TipRanks’ Stock Analysis page.

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