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Tenaris buys steel pipe producer Benteler in $460M deal

Jul. 07, 2022 8:07 PM ETTenaris S.A. (TS)By: Carl Surran, SA News Editor

steel industry

RicAguiar/E+ via Getty Images

Tenaris (NYSE:TS) said late Thursday it agreed to acquire Louisiana-based Benteler Steel & Tube Manufacturing Corp. for $460M, a deal it said will further expand its production range and manufacturing presence in the U.S. market.

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