Severfield PLC Completion of Acquisition (1931V)

TIDMSFR

RNS Number : 1931V

Severfield PLC

03 April 2023

3 April 2023

Severfield plc

('Severfield' or the 'Group')

Completion of the acquisition of Voortman Steel Construction Holding B.V.

Severfield plc, the market leading structural steel group, is pleased to announce that, following the satisfactory completion of the works council consultation process as required under Dutch Law, today it has completed the acquisition of Voortman Steel Construction Holding B.V. ('VSCH').

ENDS

For further information, please contact:

 
                            Alan Dunsmore 
 Severfield                  Chief Executive Officer    01845 577 896 
  Adam Semple 
   Chief Financial Officer                              01845 577 896 
 Jefferies International    Simon Hardy                 020 7029 8000 
  Will Soutar                                           020 7029 8000 
 Liberum Capital            Nicholas How                020 3100 2000 
  Ben Cryer                                             020 3100 2000 
                                                        020 3757 499 
 Camarco                    Ginny Pulbrook               2 
  Tom Huddart                                           020 3757 4980

Notes to editors - Severfield:

Severfield is the UK's market leader in the design, fabrication and construction of structural steel, with a total capacity of c.150,000 tonnes of steel per annum. The Group has seven sites, c.1,800 employees and expertise in large, complex projects across a broad range of sectors. The Group also has an established presence in the expanding Indian market through its joint venture partnership with JSW Steel (India's largest steel producer).

Notes to editors - VSCH:

VSCH, headquartered in Rijssen, the Netherlands, is a leading high-end steel construction company, with business activities in the Netherlands. VSCH specialises in steel construction, industrial construction, design and build solutions, and energy construction. Over recent years, VSCH has transformed itself from a bulk steel constructor to a provider of high-end tailor-made steel solutions with an impeccable track record. VSCH currently has c.140 employees.

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