JACQUET METALS Successfully Acquires Special Steel Distribution Activities in Czech Republic, Poland, Slovakia, Hungary, Lithuania, Estonia and Latvia from Swiss Steel Group
October 31 2023 - 1:00PM
Business Wire
Regulatory News:
JACQUET METALS (Paris:JCQ), a leader in the distribution of
special metals, is pleased to announce the completion of the
acquisition of several distribution companies from Swiss Steel
Group, a world leading producer of special long steel.
Following the authorization granted by the European Commission
pursuant to merger control regulations, JACQUET METALS has acquired
companies in the Czech Republic, Poland, Slovakia, Hungary,
Lithuania, Estonia and Latvia, that have generated total net
revenues of EUR 158 million and an EBITDA of EUR 12 million in 2022
with 267 employees by selling mostly non-Swiss Steel Group
products.
This acquisition will strengthen IMS group’s position in the
distribution of engineering steels in Central and Eastern
Europe.
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
expand their business relationship 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 stainless steel quarto plates -
STAPPERT stainless steel long products - IMS group
engineering steels
With a headcount of 3,393 employees, JACQUET
METALS has a network of 122 distribution centers in 27 countries in
Europe, Asia and North America.
Compartiment B - ISIN : FR0000033904 - Reuters
: JCQ.PA - Bloomberg : JCQ FP
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version on businesswire.com: https://www.businesswire.com/news/home/20231031805221/en/
JACQUET METALS: Thierry Philippe - Chief Financial
Officer - comfi@jacquetmetals.com NEWCAP: Emmanuel Huynh - T
+33 1 44 71 94 94 - jacquetmetals@newcap.eu
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