Steel Business Briefing - Tuesday, 27 May 2008
Two UK long products stockholders have joined forces to acquire another stockist based in the West Midlands area.
In the statement sent to Steel Business Briefing Yorkshire-based Tomrods Ltd. says that, together with specialist bright bar stockist and processor Boswell Steels, it has acquired Bradley Steels Ltd, a privately owned general steel stockholding business based in Ettingshall, West Midlands. No value for the deal has been disclosed.
The acquisition takes effect from 1 June 2008, with the former owner Eric Bradley providing a consultancy service to ensure the smooth handover of the business.
Bradley Steels will continue to operate as a major supplier of merchant bar and hollow sections to consumers and stockholders in the West Midlands region. Enlargement of the business is planned though additional warehousing, improved purchasing power and access to group stocks which include medium and heavy sections.
This continues a trend of selective expansion by bar and sections specialist Tomrods, which in 2006 established All Steels Trading Ltd, followed by the 2007 acquisition of Legg Brothers, a Midlands-based re-rolling mill.