US Steel finalizes acquisition of Lone Star Technologies
June 19, 2007
US Steel Corp. has completed its previously announced $2.1 billion acquisition of Lone Star Technologies Inc.
Offshore staff
PITTSBURGH -- US Steel Corp. has completed its previously announced $2.1 billion acquisition of Lone Star Technologies Inc.
"This acquisition significantly expands our tubular product offerings, our production capacity, and our geographic footprint," says John P. Surma, US Steel chairman and CEO.
US Steel plans to combine the operations of Lone Star with US Steel's Tubular Division under the leadership of Joseph Alvarado, who has been named vice president-Tubular Operations of US Steel.
