North Star Steel Sells Tube Division

Cargill Inc have just completed the sale of the tubular division of its subsidiary North Star Steel. The division has been purchased by “V & M Star”, a joint venture between Vollourec and Mannesmann Tubes (80%) and Sumitomo Corp (20%).

The sale was worth $380 million and included facilities at Youngstown, Ohio and Houston, Texas. The tube division is a leading manufacturer in its field, producing seamless tubes, mechanical pipe, line pipe and standard pipe for industries such as oil and gas exploration.

For more information on steel manufacture, click here.

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