Megasa buys French steel supplier SRD

Spanish long steelmaker Megasa has made official the 100% acquisition of French steel supplier Societé Rouennaise de Déroulage (SRD) from investment company VH Asset Management, Kallanish notes.

The transaction concluded at the end of February.

“The deal allows the Group to diversify and intensify its presence in Europe and offer its entire range of products,” Megasa says. “SRD has an exceptional location on the banks of the River Seine in Normandy, with its own port area that allows loading of ships of up to 10,000 tonnes.”

The value of the acquisition was not disclosed. 

SRD will come under the umbrella of Megasa distributor’s company, Metalúrgica Galaica.

Todor Kirkov Bulgaria