British Steel to buy Dutch wire producer

Posted on 19 Oct 2017 and read 519 times
British Steel to buy Dutch wire producerBritish Steel has signed a share purchase agreement for the acquisition of the Dutch wire producer FNsteel.

Peter Bernscher, British Steel’s CEO (pictured), said: “This acquisition will complement our current capabilities, as FNsteel makes different specifications of wire rod to those we manufacture in Scunthorpe. It will enable us
to improve and enhance our ‘value chain’ and customer offering.

“When we complete this deal, which is subject to regulatory approval, it is our intention to maintain employee and production levels in the UK and the Netherlands, and it will be very much business as usual.

“We look forward to welcoming FNsteel’s employees into the British Steel family, and I’ve every confidence that we’ll build a bright future together.”

British Steel has an annual turnover of £1.2 billion, and its Scunthorpe rod mill employs 300 people; they make wire rod for products ranging from tyre cord and bed springs to paper clips and pins.

FNsteel makes wire rod for specialised products used by the European automotive, construction and engineering industries.

Be seen in all the right places!

Indusmach Africa 2018 (Kenya) TCT Show 2018 Maktek Eurasia 2018 MTA Hanoi 2018 Advanced Engineering UK 2018 Metalex 2018 Indusmach Africa 2018 (Tanzania) Machine Tool Indonesia 2018 India Export News Steelfab 2019 Expo Manufactura 2019 MACH 2020

The online search from the pages of Machinery Market.

Mori Seiki NZS1500 CNC Turning Lathe Number 3 machine
Machine OEM:  Mori Seiki Co., Limited
OEM Machine Identification Number: NZS15GG0078 
Machine OEM: Mori Seiki Co., Limited OEM Machine Identification Number: NZS15GG0078 Application/...
Shield Powertrain Systems Company Ltd