Haynes International, Inc., a leading developer and manufacturer of high-performance alloys, has received clearance from the Committee on Foreign Investment in the United States (CFIUS) for its planned merger with North American Stainless, Inc. The merger, originally disclosed in February 2024, involves Haynes becoming a wholly-owned subsidiary of North American Stainless’ parent company, Acerinox S.A. All other necessary approvals have been met except for those pending from regulatory authorities in the UK and Austria. Despite some forward-looking risks and uncertainties, both companies anticipate the merger’s completion in the fourth quarter of 2024.

High-Performance Alloys, Metallurgical Manufacturing, Regulatory Compliance,United States, United Kingdom, Austria, Spain

https://www.globenewswire.com/news-release/2024/06/28/2905625/9124/en/CFIUS-Approval-Obtained-for-the-Planned-Merger-of-North-American-Stainless-Inc-and-Haynes-International-Inc.html