The directors of Liberty Pipes Hartlepool, a subsidiary of UK-based steelmaker Liberty Steel Group, have launched an accelerated sales process for the company and its assets to identify the right industrial or strategic investor to support continued production and deliver a long-term sustainable business, according to a spokesperson from Liberty Steel.
Focus on jobs, assets and stakeholder value
The company said a targeted sale transaction, if successfully concluded, would help protect skilled employment, maximize asset value and deliver the most favorable outcome for stakeholders.
The accelerated process is expected to move quickly, with a target completion date of February 20. Begbies Traynor has been appointed to advise Liberty Pipes Hartlepool on the sales process, supporting the search for a suitable buyer or investment partner.
The company said it remains focused on maintaining operations while the accelerated sale progresses.
Recent delivery to Teesside carbon cluster project
Liberty Pipes Hartlepool recently completed a major order for the NZT/NEP Teesside carbon cluster project, supplying 105 km of steel pipe, equivalent to 51,000 mt. The order underscores the site’s role in supporting large-scale industrial and energy transition projects in the UK.