( July 1, 2026, 03:16 GMT | Official Statement) -- MLex Summary: Hanwa, a Japanese steel trader, said on Tuesday it agreed to acquire, through its US subsidiary Hanwa American Corp in a joint investment with Development Bank of Japan, a majority stake in US steel structures manufacturer Associated Steel Group for $347 million. The acquisition, which will proceed subject to clearance from US competition authorities, is expected to make Associated Steel Group a consolidated subsidiary, strengthening Hanwa's North American steel construction business and supporting its overseas growth strategy. Statement is attached....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.