About Steel Dynamics
Steel Dynamics is a UK leading steel stockholder and processor.
Offshore Stainless Supplies is a stainless steel stockholder based in Walsall, West Midlands.
Post acquisition the combined group has over 100 employees and revenues of over £35m.
About the deal
Steel Dynamics acquired Offshore Stainless Supplies for an undisclosed sum with the deal completing in June 2021. The acquisition was in part financed through new debt facilities financed by Close Brothers (invoice finance, stock finance, asset finance and cash flow loan).
Cowgills provided financial due diligence plus tax advice and tax due diligence.
Sector
Steel Stockholding
Date: September 2021
