Japan-based Marubeni-Itochu Steel (MISI) has announced that it has acquired the entire share capital of UK-based steel distributor Barclay & Mathieson (B&M) Group.
The acquisition of B&M will add value-adding businesses to MISI’s existing customer portfolio. With this acquisition and new investment plans, MISI plans to grow its presence within the UK and the European markets.
Marubeni-Itochu Steel supplies steel products to the oil and gas, automotive, shipbuilding, civil engineering, construction and electrical appliance sectors, as well as to renewable energy industries.