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.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
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