MCB reaches agreement to acquire shares in steel distributor Saey

MCB and the Belgian steel distribution group Saey, have reached an agreement on MCB’s intended acquisition of Saey. The transaction will be completed in the coming months, subject to the antitrust approval. With the intended acquisition, both companies will strengthen their positions in the Benelux and France thanks to their geographical complementarity, distinct product range and processing capabilities.

Bernard Saey, owner and CEO of Saey: “MCB is an excellent partner to support Saey’s growth and development ambitions. Supply chain solutions, innovative concepts, digital development, customer experience and sustainability form a common focus. Both organisations are proud of the commitment and competences of their employees and attach great importance to the local culture and values.”

Bram Schildkamp, CEO of MCB: “MCB has the clear intention to maintain Saey with the current strong team as an independent company within the MCB family in order to further maintain and expand the successful relationships with existing customers and suppliers. Both parties look forward to a good cooperation and a productive exchange of ideas and plans.”