JMC To Buy Lakeside Steel In $57.5M Deal

- Apr 20, 2019-

The deal came after negotiations were extended several times and the proposed purchase price for Lakeside was slashed 25 percent from C40 cents (39.8 cents) per share originally (AMM, Jan. 11).

The offer represents a 326-percent premium to Lakeside’s closing price of C7 cents (6.9 cents) per share on Dec. 15, the last day of trading on the TSX Venture Exchange before Lakeside announced that it had entered negotiations with a potential purchaser, then unnamed.

The acquisition, which remains subject to court and shareholder approval as well as other conditions, is expected to close early in the second quarter, the two companies said.

"This strategic acquisition will dramatically increase our capabilities...

 

Product Description
Spiral Pipe API Spiral Heavy Weight Drill Pipe Welded Pile Steel Pipes
Specification
Diameter
219~3520mm
Thickness
 5~30mm
Length
3m-12m or as per customers request
International standard
ISO9001-2008, GB/T 9711-1997, SY/T 5037-2000, API 5L
Certification
ISO9001, API 5L
Material
Q195,Q215,Q235,Q345(B,C,D,E)
Technique

SSAW



Packing
1.Big OD: in bulk vessel
2.Small OD: packed by steel strips
3.woven cloth with 7 slats
4.according to the requirements of customers
Usage
Mechanical & manufacture, Steel structure,
Shipbuilding, Bridging ,Automobile chassis
Remark
1.Payment terms : T/T, L/C
2. Terms of trade : FOB, CFR(CNF), CIF ,DDP,EXW
3 .Minimum order : 5 tons
4 .Lead time: general 15~20days.
Packing & Delivery
To better ensure the safety of your goods, professional, environmentally friendly, convenient and efficient packaging services will be provided.
Company Profile


Cangzhou Steel Pipe Group (CSPG) Co., Ltd. is a large-sized, key metallurgic enterprise of Hebei Province in North China, whose history dates back to 1994. CSPG currently em/paces six member companies with products varying from SSAW, LSAW, ERW, seamless steel pipes to 3PE pipes, galvanized pipes, casing pipes, etc. A Joint-stock corporation, CSPG occupies an area of 600,000 square meters with a total asset of $530 million.



Specialized in the production of straight welded pipe spiral pipe galvanized pipe 3PE/3PP/FBE/TPEP internal and external epoxy powder internal and external epoxy resin cement mortar two cloth three oil buried pipeline IPN8710 non-toxic drinking water internal and external plastic coated lining plastic and other anti-corrosion pipe fittings for oil and gas pipeline water conservancy projects



Executive standard :DIN30670 DIN30678 CSA Z245 AFNOR nf49-710/711 NACE rp0394/0490 AWWAC 210/C213GB/T9711 API 5L ISO 3183Material: Q235B/Q355BGR A GR B x42-x80 l245-l555

 

Business scope: 21.3mm-3620mmLSAW submerged arc welded pipe 325-2020mmERW straight welded pipe 6mm-711mmSMLS seamless tube 10-1120mmSSAW spiral steel tube 219-3620mmDemand for quality suppliers and partners

Certifications
Group photo
FAQ
Q1. What is the advantage about your company? A1. Our company has professional team and professional production line. Q2. Why should I choose your products? A2. Our products are high quality and low price. Q3. The logo and the color can be customized? A3. Yes, we welcome you to sample custom Q4. Any other good service your company can provide? A4. Yes,we can provide good after-sale and fast delivery.