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Wed, 31 Oct 2012 09:45:00 GMT | By Jason Buckland, MSN Money
Iconic Canadian brands that jumped the border

Dofasco



A neglected sign at the Dofasco facility in Hamilton, Ont. (© Stephen C. Host/The Canadian Press Images)
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  • A neglected sign at the Dofasco facility in Hamilton, Ont. (© Stephen C. Host/The Canadian Press Images)
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Dofasco

The name in Canadian steel since 1912, Dofasco has been a Hamilton heavyweight for 100 years. But in 2006, the world’s steel conglomerates came calling, and soon a bidding war for Dofasco broke out between Luxembourg-based Arcelor and its German rival, ThyssenKrupp AG. Arcelor, which later became ArcelorMittal after a merger of its own, won out, acquiring Dofasco in a deal worth more than $5.6 billion. Today, though its corporate governors sit across the Atlantic Ocean, Dofasco operates as a standalone subsidiary of ArcelorMittal.

* Bing: What famous Indian billionaire is the chairman of ArcelorMittal?

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