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HAYNES INTERNATIONAL

Acquired by

ACERINOX

UNITED STATES Chemicals & Materials EV [500m USD - 1b USD] 11/2024

Target

HAYNES INTERNATIONAL

Acquirer

ACERINOX

Context

Acerinox has finalized the acquisition of Haynes International through its wholly-owned subsidiary, North American Stainless, a maneuver designed to fundamentally strengthen the group’s competitive positioning in the high-performance alloys market. The strategic rationale for this transaction centers on a "portfolio-upscaling" play, merging the target's industry-leading technical operational depth in specialized alloys with the group’s vast global manufacturing and distribution infrastructure. This fusion effectively creates a specialized powerhouse within the High-Performance Alloys (HPA) Division, providing the organization with the scientific talent and patented IP required to address the increasing complexity of the global aerospace supply chain.

HAYNES INTERNATIONAL, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 10.5x average currently observed in the Industry & Manufacturing sector.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Haynes International operates as a premier technology organization dedicated to the engineering and distribution of technologically advanced high-performance alloys. The entity’s business model is centered on a proprietary framework of nickel- and cobalt-based alloys designed to withstand extreme thermal and corrosive environments. Its value proposition is anchored in technical operational depth, providing mission-critical materials for the aerospace, power generation, and chemical processing industries. Strategically, the firm focuses on the development of high-specification applications where failure is not an option, leveraging an extensive portfolio of patents and certifications to maintain market leadership. By maintaining a specialized focus on technical innovation and metallurgical excellence, the organization ensures a vital role in the structural efficiency of next-generation turbine and aircraft engine production. The entity prioritizes industrialized reliability and technical agility to facilitate the structural advancement of global engineering standards.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2023
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2022
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Other operations with HAYNES INTERNATIONAL

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.