trending Market Intelligence /marketintelligence/en/news-insights/trending/bk6i0_HsvhUieJMNbNNUTw2 content esgSubNav
In This List

US antitrust regulators clear $1.2B Tenaris deal for IPSCO Tubulars

Video

See the Big Picture: Energy Transition in 2024

Podcast

IR in Focus | Episode 10: Capital Markets Outlook

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Blog

The Big Picture: 2024 Energy Transition Industry Outlook


US antitrust regulators clear $1.2B Tenaris deal for IPSCO Tubulars

The U.S. Department of Justice approved Tenaris SA's $1.2 billion acquisition of PAO TMK subsidiary IPSCO Tubulars Inc., according to a securities filing.

The deal, which was disclosed in March but needed approval from U.S. antitrust authorities, includes a steel bar production facility in Koppel, Pa., a seamless production facility in Ambridge, Pa., and other welded, heat treatment and finishing facilities.

The Luxembourg-based steel pipes manufacturer said it expects to complete the transaction shortly.

IPSCO Tubulars is a Houston-based manufacturer of seamless and welded oil country tubular goods and line products.