JACQUET METALS a leader in the distribution of specialty metals, is pleased to announce the completion of the acquisition of several distribution companies from Swiss Steel Group, a world leader in the production of special long steels .

Following authorization from the European Commission under merger control, JACQUET METALS acquired companies in the Czech Republic, Poland, Slovakia, Hungary, Lithuania, Estonia and Latvia which generated a turnover of business of 158 million euros and an EBITDA of 12 million euros with 267 employees, mainly marketing steels not produced by Swiss Steel Group.

This acquisition will strengthen the positioning in Central and Eastern Europe of the IMS group division, which specializes in the distribution of mechanical steels.

Following the acquisition of distribution entities in Germany, Austria, Belgium and the Netherlands in 2015, this is the second significant agreement between JACQUET METALS and Swiss Steel Group.

With this transaction JACQUET METALS and Swiss Steel Group will increase their commercial relations and continue to cooperate as long-term partners.

JACQUET METALS is a European leader in the distribution of special metals.
The Group develops and operates a portfolio of three brands:

JACQUET quarto stainless steel sheets-STAPPERT long stainless steel products-IMS group steels for mechanics

With a workforce of 3,393 employees, JACQUET METALS has a network of 122 distribution centers in 27 countries in Europe, Asia and North America.

 

Source:businesswire.com/

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