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11/2024

HAYNES INTERNATIONAL acquired by ACERINOX

UNITED STATES Chemicals & Materials / Material Transformation / Metallurgy / Foundry EV 500M - 1.5b USD

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 in 2023, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2023
2022

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REFERENCES

Valuation range: EV 500M - 1.5b USD

Revenue range: 450M - 900M USD

EBITDA range: 50M - 100M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HAYNES INTERNATIONAL by ACERINOX are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: acerinox