Marcegaglia buys Liberty’s UK tube business
Marcegaglia’s UK division has acquired Liberty Steel’s Oldbury-based Precision Tubes assets in the West Midlands, the Italian pipemaker confirms to Kallanish.
Prior to the purchasing deal, Marcegaglia operated Liberty’s facilities under a licence agreement. “During the two-year assessment, Marcegaglia UK has used the assets to contribute to its existing business, which has aided the expansion of the company’s footprint in both the UK and international markets.”
Under the purchase agreement, all employees will transfer from Liberty Precision Tubes Limited to the Italian pipemaker’s UK division.
The sites of Hub le Bas and Accles & Pollock, part of the Precision Tube business, will continue to trade as normal.
In 2015, Liberty House acquired the Caparo UK business which included Caparo Tubular Solutions sites across the West Midlands (see Kallanish passim).
Natalia Capra France