REG - Severfield PLC - Completion of Acquisition

SeverfieldAnnouncement

03/04/2023 14:15

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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:

 

 Severfield               Alan Dunsmore             01845 577 896

                          Chief Executive Officer
                          Adam Semple               01845 577 896

                          Chief Financial Officer
 Jefferies International  Simon Hardy               020 7029 8000
                          Will Soutar               020 7029 8000
 Liberum Capital          Nicholas How              020 3100 2000
                          Ben Cryer                 020 3100 2000
 Camarco                  Ginny Pulbrook            020 3757 4992
                          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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