Severfield plc, a listed structural steel group, has announced the acquisition of
DAM Structures Ltd, a Yorkshire-based steel fabrication firm in a £12 million deal. It specialises in both temporary and permanent works which range from plunge columns, plated beams, box sections, tower crane grillages, small and large diameter propping works, façade retention towers, portal framed structures, mezzanine floors, heavy duty stairs and minor bridges.
The company operates from its bespoke premises in Carnaby and can currently process up to 300 tonnes of structural steelwork each week for distribution around the UK.
Alan Dunsmore, Severfield plc’s CEO, said: “This is a very exciting, highly complementary acquisition which will help the Group continue to deliver on its strategic growth objectives. DAM Structures will provide us with access to existing and new customers earlier in the construction process as well as access to new market sectors with strong growth potential, including the growing rail electrification sector.
“The company has an established client base and proven track record of delivering quality services and will fit in well with the Severfield culture and team. We look forward to working with the DAM Structures management team on building new business opportunities together and driving future growth from within the combined Group.”