D & J snaps up steel rival
Who?
Wolverhampton’s D & J Steels.
Did what?
Has snapped up local rival Midsteel Bars for an undisclosed sum.
What does this mean?
D & J Steels is a steel stockolder, as is Midsteel Bars, which it has acquired from Kingswinford’s Midsteel Group. It has been renamed D & J Engineering Steels and will relocate to D & J’s site at Colliery Road, Wolverhampton. The combined company will be the largest steel stockholder to the forging industry in the UK and an important supplier to engineering, and oil and gas industries.
Who advised?
Cradley Heath law firm George Green advised D & J.
Insider comment:
Chairman of D & J Steels, Chris Hutton-Penman, said: “This is a marriage that we have sought for some time. In these challenging times, we have created a more robust company, which will help to protect our employees’ jobs. It will also benefit our customers by doubling the steel stock we carry, increasing our product range, as well as the service we can offer.”
