Barrett Steel has acquired the business and assets of John Parker & Son Limited’s Shoreham site from the administrators. The move sees 50 staff move over to Barrett from their former employer and it boosts the company’s network to 27 locations across the UK. The acquired site will now operate as Barrett Steel Shoreham. Group Managing Director James Barrett said that “This acquisition allows the Group to develop its presence in the South of England which complements our existing processing hubs in the North. We are excited to welcome the Shoreham team to our business and are positive about the future of the steel industry.”
The acquisition gives Barrett Steel a dedicated bulk receipts port facility and extensive processing equipment, including shot blast prime and paint facilities alongside six additional Ficep Endeavour saw-drill lines. (Ukrainian metal)