en.Wedoany.com Reported - Bull Moose Tube Company announced Tuesday its plan to acquire Hanna Steel Corp. of Alabama. The Missouri-based steel tube and pipe manufacturer stated that the transaction will create a platform that is "stronger" and "more synergistic" than either company operating independently.

Hanna Steel, a producer of structural and mechanical steel tubing headquartered in the Birmingham suburbs, is expected to close the deal early in the third quarter of this year, subject to the satisfaction of closing conditions. Upon completion, Hanna Steel will operate as a division of Bull Moose. Financial terms were not disclosed.

Bull Moose CEO John Krupinski noted in a statement that the acquisition of Hanna Steel represents a strong strategic fit, helping the company continue to expand its capabilities and enhance customer value. Hanna Steel brings complementary assets, an experienced team, a respected reputation and culture, and a product portfolio that supports its long-term growth strategy.

Jill Cunningham, Vice Chair of Hanna Steel, stated that by joining forces with Bull Moose Tube, the company can combine its legendary commitment to consistency and customer service with Bull Moose's impressive scale and quality.

Bull Moose, headquartered in the St. Louis suburbs and a subsidiary of the Caparo Group, offers one of the broadest ranges of welded steel tube products in North America. The company currently operates seven production facilities in the United States. Bull Moose Chairman Ambar Paul described the deal as "the third significant investment in recent years," adding that the company will continue to evaluate and pursue strategic opportunities to strengthen its position.

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