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Marubeni-Itochu Steel Inc. Acquires Worthington Specialty Processing’S Jackson Plant

Nov 01, 2022•over 2 years ago

Acquiring Company

Marubeni-Itochu Steel America

Acquired Company

Jackson Plant

Manufacturing

Description

Marubeni-Itochu Steel Inc. “MISI” today announced that through its North American subsidiary, Marubeni-Itochu Steel America Inc. “MISA”, it has completed its acquisition of Worthington Specialty Processing’s remaining facility, located in Jackson, Michigan. The Jackson facility will be renamed MISA Specialty Processing, Inc.

Company Information

Company

Marubeni-Itochu Steel America

About

Marubeni-Itochu Steel America Inc. (“MISA”) is a leading metal solutions provider not only to companies worldwide, but also right next door. Founded in 2001, through the merger of ITOCHU and Marubeni steel divisions, MISA provides value-added steel and aluminum solutions to customers in the automotive, construction, appliance, food, medical, and aerospace industries. For more information, please visit www.misa.com.

M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed