Stemcor, the world's largest independent steel trader, has announced its acquisition of Steel Plate & Sections Ltd (SPS), a UK-based stockholding company specializing in high value steel plate for the offshore oil and gas industry.
The acquisition gives Stemcor a stockholding presence in the UK, with warehouse facilities in Birmingham and Glasgow as well as Rotterdam, Dubai and Singapore.
Commenting on the purchase, Stemcor Executive Chairman Ralph Oppenheimer said, "I am honored that SPS' previous owners have chosen Stemcor as the new steward of their company. SPS is a fine company with its own culture and a tradition of first class customer service. Stemcor will ensure that these qualities are maintained."