Ukrainian industrial group Interpipe, owned by Viktor Pinchuk, has signed an agreement to acquire Romanian company ArcelorMittal Tubular Products Roman S.A., a manufacturer of seamless steel pipes. Interpipe has applied to Ukraine’s Antimonopoly Committee (AMCU) for approval to obtain control over the asset, as reflected in the AMCU’s meeting agenda dated 11 December.
Interpipe told Forbes Ukraine that the agreement has already been signed; however, the transaction’s completion is subject to a number of conditions, including approvals from antitrust authorities and permits related to foreign direct investment. Until these conditions are fulfilled, both companies will continue to operate independently under their standard business arrangements. The transaction value and additional details have not been disclosed.
ArcelorMittal Tubular Products Roman S.A. is one of Romania’s key steel pipe manufacturers and part of the global ArcelorMittal Group. The company was officially registered in 1991, although production at its facility in the city of Roman began as early as 1951. The plant specializes in the production of seamless pipes for the oil, gas, energy, and construction sectors, including OCTG products and line pipes manufactured to international standards.
The facility is equipped with modern rolling, heat-treatment, and threading capacities and employs more than 330 people. The plant was acquired by ArcelorMittal in 2003 and received its current name following the merger of Mittal Steel and Arcelor in 2007. According to RisCo data, the company reported revenue of €73 million in 2024 and a net loss of €8.4 million.
Interpipe’s financial results for the first half of 2025 show a 16.6% decline in net profit to $107.4 million, despite a 6.8% increase in revenue to $572.3 million. Pre-tax profit decreased to $142.6 million, while operating profit fell to $142.2 million. Pipe production remains the group’s core revenue driver, with segment revenue rising to $436.8 million, although operating profit in this segment declined to $78.3 million. The railway products segment saw revenue fall to $122.3 million, with profit more than halving to $17.8 million. In the steelmaking segment, revenue decreased to $170.6 million, while profit declined to $46.4 million.
