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Steel trader makes major acquisition

Posted on 18 Oct 2019 and read 3271 times
Steel trader makes major acquisitionThirsk-based All Steels Trading (www.allsteelstrading.co.uk) has completed the acquisition of Bromford Iron & Steel (www.bisteel.co.uk).

Based in West Bromwich, and with a history spanning well over 200 years, Bromford Iron & Steel has established a reputation as a leading producer of hot-rolled long products.

Its rolling mills currently employ 38 people at the company’s Oldbury site, where iron and steel processing can be traced as far back as 1610.

In recent years, the company has benefitted from regular and extensive investment in new plant and technology to ensure it can produce “small tonnages that meet globally recognised standards”.

As well as being a leading producer of hot-rolled steel profiles for horseshoe manufacture, the company is a major supplier to sectors including oil and gas and chain-making.

In addition to Bromford’s standard and non-standard range of flat bars and sections, the business specialises in producing tailor-made hot-rolled profiles (for numerous applications) that can eliminate time, labour and costly machining.

Bromford also provides a number of secondary steel-processing services, such as pickling and oiling, cold side straightening and heat treatment.

All Steels Trading managing director Laurence McDougall said: “The acquisition of Bromford Iron & Steel offers excellent synergy with All Steels Trading’s other UK steel-related businesses, especially with our Wolverhampton-based special steel sections re-rolling mill.

As a bulk international steel trader, All Steels Trading has the critical mass to obtain extremely competitive raw materials prices, and these price savings will enable Bromford to grow sustainably.

“This acquisition also confirms All Steels Trading’s commitment to supporting and investing in traditional British industries, and safeguarding a significant number of UK jobs.

“We believe British companies in this industry sector are more than capable of not only supporting domestic steel requirements but also successfully competing on the world stage.”