Mergers and Acquisitions

ArcelorMittal Long Products Canada in its joint venture with Triple M Metal

ArcelorMittal
Team
Julien Ranger

Partner, Pensions and Benefits, Montréal

Jean-Philippe Dionne

Associate, Tax, Montréal

Sophie Amyot

Partner, Corporate, Montréal

Hugo-Pierre Gagnon

Partner, Corporate, Montréal

Alan Hutchison

Partner, Corporate, Vancouver

Samuel Cantin

Associate, Corporate, Montréal

Caroline Stephens

Associate, Real Estate, Montréal

 

On October 13, 2020, ArcelorMittal Long Products Canada and Triple M Metal announced their joint venture, Integrated Metal Recycling Inc. The alliance will combine many recycling activities of the partners in Quebec, including four of ArcelorMittal’s Legault Metal sites and Triple M’s Metrobec sites. The joint venture will provide recyclers with increased access to outlets for scrap metal and provide more opportunities to sell scrap metal on an ongoing basis. Integrated Metal Recycling will also continue to process and add value to nonferrous metals as part of its service offering.

ArcelorMittal Long Products Canada is a leading global steel and mining company specializing in producing safe and sustainable steel. The company has over 2 million tonnes of steel capacity and creates economic spin offs of over $1 billion per year.

Triple M Metal is one of North America’s largest privately owned ferrous and nonferrous metal recycling companies focused on its 27 locations across Canada, the United States and Mexico along with its commercial interests in Europe.

Osler, Hoskin & Harcourt LLP advised ArcelorMittal with a team led by Antoine Stebenne (Taxation) and Hugo-Pierre Gagnon (Corporate M&A) and consisting of Sophie Amyot, Chloe Cavaliere, Samuel Cantin (Corporate), Alan Hutchison (M&A/Mining), Caroline Stephens (Real Estate), Jean-Philippe Dionne (Taxation), and Julien Ranger (Employment & Labour).

Value
-
Date Closed
October 13, 2020
Lead Office
Montréal
Team
Julien Ranger

Partner, Pensions and Benefits, Montréal

Jean-Philippe Dionne

Associate, Tax, Montréal

Sophie Amyot

Partner, Corporate, Montréal

Hugo-Pierre Gagnon

Partner, Corporate, Montréal

Alan Hutchison

Partner, Corporate, Vancouver

Samuel Cantin

Associate, Corporate, Montréal

Caroline Stephens

Associate, Real Estate, Montréal