Barclay & Mathieson X MISI
Dear Valued Customer
Today, it is with great pleasure that we announce that Marubeni-Itochu Steel Inc. (MISI) has acquired the entire share capital of the B&M Group (B&M), including B&M Steel, B&M Architectural, Steel Plate and Sections (SPS), Industrial Metal Services (IMS), Avon Steel and Abram Pulman Steel.
Marubeni-Itochu Steel Inc. (MISI), based in Tokyo, Japan employs over 10,000 people, has a presence in 90 countries, is one of the largest steel suppliers in the world, with revenue in excess of £16.5 Billion pounds per year and total assets approaching £10 Billion pounds.
MISI is a major supplier of steel products and has divisions in Oil and gas, Automotive, Shipbuilding, Civil Engineering, Construction and electrical Appliances along with renewable energy.
MISI plans to grow its presence within the UK and European markets and the acquisition of the B&M group will add real value-adding businesses to its existing portfolio. With plans to invest significantly post-acquisition, it will be an exciting opportunity to expand and grow further globally.
Tatsuhiko Toshita President & CEO of Marubeni-Itochu Steel Inc. said “MISI are the instant, global supply solution, our worldwide infrastructure will help us catapult the B&M group to the next level”.
Mike Walton CEO of Barclay & Mathieson Group said: “It’s an exciting time for the B&M Group, with further plans for growth in the UK & the rest of the world, the backing of our new parents and the significant resources both financial and operational will enable us to deliver those goals”.
