All Steels Trading, based in Thirsk, has completed the acquisition of Bromford Iron & Steel in West Bromwich from the OSSL Group.
With a history spanning over 200 years, Bromford Iron & Steel has a strong reputation as a leading producer of hot rolled long products. Its rolling mills currently employ 38 people at the Oldbury site where activity in iron and steel processing can be traced back as far as 1610.
The company has benefitted from extensive investment in new plant and technology to ensure that Bromford’s product quality, flexibility and ability to produce small tonnages matches globally competitive standards.
As well as a leading producer of steel for horseshoes, the company is a major supplier to other sectors including oil and gas and chain-making.
In addition to Bromford’s standard and non-standard range of flat bars and sections, the business specialises in producing tailor made hot rolled profiles for countless applications that can eliminate time, labour and expensive machining costs. Bromford also provides a number of secondary services such as pickling and oiling, cold side straightening and heat treatment.
The company’s acquisition was completed in September by All Steels Trading, preserving all jobs. Established in 2006 by current managing director Laurence McDougall, the £80 million turnover steel trading company imports a wide range of both long and flat rolled products, warehousing and processing them in the UK before their onward sale.
Mr McDougall explained: “The acquisition of Bromford Iron & Steel offers excellent synergy with our other UK steel related businesses, but especially with our Wolverhampton-based Special Steel Sections rolling mill. As a bulk international steel trader, we have the critical mass to obtain extremely competitive raw materials prices and these price savings will enable Bromford to grow and fulfil capacity.
“The acquisition also confirms our commitment to supporting and investing in traditional British industries, and safeguarding a significant number of UK jobs. We believe British companies in this industry sector are more than capable of not just supporting domestic steel requirements but successfully competing on the world stage – and the support of All Steels Trading and its group of UK steel manufacturing companies will no doubt certainly help them to do just that.”
Source: PES Media