30
Mar
01:00
Schmolz+Bickenbach confirms distribution unit sale to Jacquet
Schmolz+Bickenbach has finalised the sale of its stockholding distribution activities in Germany, Belgium, the Netherlands and Austria to Jacquet Metals/IMS. The companies have revealed that the purchase price is based on an enterprise value of €88.6 million ($95.9m). The transaction covers the distribution of specialty engineering long steel products operating 17 locations with 1,000 staff, and an annual turnover of €600m.
For the S+B group, the d…
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Anonymous
Very good overview of the weekly steel market.
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