en.Wedoany.com Reported - Bull Moose Tube Company, a US manufacturer of steel pipe and tube products, announced that it has reached an agreement to acquire Hanna Steel Corporation, a producer of structural and mechanical steel tubing. This move further expands Bull Moose Tube's manufacturing footprint and enhances its ability to serve customers in key end markets. Under the agreement, Hanna Steel's facilities in Alabama and Illinois, its coil coating facility in Alabama, and its internal trucking fleet, Hanna Truck Line, Inc., are all included in the transaction. The deal is expected to close in early Q3 2026, after which Hanna Steel will operate as a division of Bull Moose Tube.
John Krupinski, CEO of Bull Moose Tube Company, stated that this acquisition represents a strong strategic fit for the company, aimed at expanding capabilities and enhancing value for customers. Hanna Steel brings complementary assets, an experienced team, a respected reputation and culture, and a product portfolio that supports the company's long-term growth strategy. Both parties share a common commitment to safety, customer service, quality, and growth, and the combination will create a more powerful platform for coordination, accelerating the sharing of best practices and delivering first-class service to customers, employees, and partners.
Andy Annakin, Executive Vice President and Chief Commercial Officer, noted that the deal enhances the company's flexibility in serving its customer base. Hanna Steel's capabilities help the company better meet evolving market demands and strengthen its ability to execute complex, large-scale projects. Chairman Ambar Paul stated that this acquisition is the company's third major investment in recent years, built on a clear strategic expansion model, adding depth to manufacturing capabilities and reinforcing the company's commitment to long-term sustainable growth.
Jill Cunningham, Vice Chair of Hanna Steel, said that the acquisition opens a new chapter for customers, employees, and suppliers. Joining forces with Bull Moose Tube allows the company to combine its legendary commitment to consistency and customer service with the impressive scale and quality of its partner. On the financial advisory side, Brown Gibbons Lang & Company (BGL) served as exclusive financial advisor to Bull Moose Tube, with Spencer Fane LLP acting as legal counsel; Jefferies LLC served as exclusive financial advisor to Hanna Steel, with Bradley Arant Boult Cummings LLP acting as legal counsel.
Bull Moose Tube Company is part of the Caparo Bull Moose group, operating manufacturing facilities across multiple locations in the United States and offering one of the largest ranges of welded steel pipe products in North America. These products are widely used in commercial construction, infrastructure, fire protection, heavy equipment, transportation, and engineered products. Hanna Steel Corporation is headquartered in Hoover, Alabama, with its southeastern steel tubing operations located in Tuscaloosa, Alabama, its midwestern steel tubing facility in Pigeon, Illinois, and a coil coating facility in Fairfield, Alabama. It also provides reliable delivery services through Hanna Truck Line (HTL).
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