A British industrial group is purchasing Keystone Consolidated Industries.
GFC Alliance announced the $320-million deal Monday. Under terms of the deal, GFC’s Liberty Steel USA unit will purchase all outstanding stock of the Dallas-based Keystone Consolidated Industries.
The sale includes Peoria-based Keystone Steel and Wire.
The purchase is subject to regulatory review, but the deal is expected to close by December 31, 2018.
GFC Alliance says the Keystone purchase is part of its GREENSTEEL vision to become a leading manufacturer of high-quality, cleanly-produced steel.