29
Jan
14:55
S+B acquires Ascometal, Saint-Saulve future uncertain
The offer by Schmolz + Bickenbach to buy large parts of France’s Asco Industries has been selected by a Strasbourg court as the winner of the bidding contest, Kallanish has learned. It won against fellow bidder, the UK’s Liberty Group. S+B had initially offered €135 million ($167m) but it recently upped its bid by another €60m.
Asco Industries had around 1,400 employees at end-2017 and generated sales of approximately €373m i…
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Anonymous
Very good overview of the weekly steel market.
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