MKK USA’s Acquisition of Tenaris’ structural pipe business in the United States

Pillsbury Winthrop Shaw Pittman LLP advised MKK USA on the transaction.
Mitrani, Caballero & Ruiz Moreno advised Tenaris.

Tenaris entered into a definitive agreement with MKK USA Inc., a subsidiary of Maruichi Steel Tube Ltd of Japan, for the sale of its structural pipe business in the United States via the transfer of 100% ownership of its wholly owned subsidiary Geneva Structural Tubes LLC,  for US$ 15 million on a cash free, debt free basis, adjusted for working capital variation at closing.  

The business manufactures and sells square and rectangular welded steel pipe for structural applications from its plant located in Geneva, NE.

Pillsbury Winthrop Shaw Pittman advised Maruichi Steel Tube Ltd with a team including Shinya Akiyama (Picture), Brian McKenna, Hiroto Nakajima and Keisuke Hayashi.

Mitrani, Caballero & Ruiz Moreno advised Tenaris with Juan Ignacio Soma and Giada Treve.

Involved fees earner: Juan Ignacio Soma – Mitrani Caballero & Ruiz Moreno; Giada Treve – Mitrani Caballero & Ruiz Moreno; Shinya Akiyama – Pillsbury Winthrop Shaw Pittman LLP; Brian McKenna – Pillsbury Winthrop Shaw Pittman LLP;

Law Firms: Mitrani Caballero & Ruiz Moreno; Pillsbury Winthrop Shaw Pittman LLP;

Clients: Maruichi Steel Ltd; Tenaris;

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Author: Ambrogio Visconti