IMS announces the acquisition of R&T
International Metal Service (IMS), the leading European distributor of special steels, announced that it has acquired
Hungary's
stainless steel distributor R&T.
R&T posted a turnover of €10.2 million in 2002 with 34 employees. The company distributes long and flat
stainless steel products in
Hungary from a stocking centre located in Budapest. R&T also works in partnership with distributors locate in
Romania,
Croatia and
Slovenia.
The acquisition of R&T will provide an opportunity for IMS to enter into a new market with high potential. Also, IMS can make further developments in other Eastern European countries.
IMS sells special metallurgic products for the abrasion-resistant, corrosion-resistant and engineering steel markets.