Dofasco
| ArcelorMittal Dofasco Inc.
|
|
|---|---|
 |
|
| legal form | Incorporated |
| founding | 1912 |
| Seat |
Hamilton , Ontario Canada
|
| management | Sean Donnelly ( CEO ) |
| Branch | steel |
| Website | www.dofasco.ca |
Dofasco is the leading Canadian steel manufacturer .
Companies
Founded in 1912, the company employs around 11,000 people and has a turnover of around 2.7 billion euros. In addition to classic hot-rolled steel profile products, Dofasco's product lines also include further processing products, including cold-rolled strip, galvanized and tinned products, but also laser-welded semi-finished parts. Tube products are also part of the product range.
In addition to its Canadian sites, including the steel metropolis of Hamilton , Dofasco also has production sites in the United States and Mexico . The group also included the Quebec-Cartier mine, the Wright mine (an open pit mine) and a pellet factory in Port-Cartier. A technology agreement that was later suspended existed with ThyssenKrupp.
takeover
Dofasco was the target of a bidding battle that was fought between the ThyssenKrupp and Arcelor groups . The latter was able to prevail; the takeover of Dofasco by Arcelor took place on February 21, 2006. In total, Arcelor acquired 88.38 percent of the share capital; Dofasco was to become the center of Arcelor's growth strategy in North America.
Shortly thereafter, on June 25, 2006 , Arcelor itself agreed to a hostile takeover bid from Mittal Steel . Mittal managers wanted to sell the Dofasco group to ThyssenKrupp for 68 Canadian dollars per share; Above all, in order to meet anticipated objections of the American antitrust authorities against the planned, gigantic steel group Arcelor-Mittal. Agreement on this was reached in advance between Mittal Steel and ThyssenKrupp; a contract is signed, which Thyssen insists on. Arcelor managers said, however, that even after the merger with Mittal Dofasco, they do not want to pass it on to ThyssenKrupp. The shares in Dofasco were spun off by Arcelor to ward off the hostile takeover into a foundation. This has so far refused to dissolve itself. ThyssenKrupp tried in court to force Mittal to dissolve the foundation, but failed in a Dutch court at the end of January 2007. The takeover of Dofasco by ThyssenKrupp has therefore probably failed.
Web links
Individual evidence
- ^ ArcelorMittal Dofasco: Executive Team