One of Turkey’s alloy and bright steel bar distributors, Izmir-based Akcelik, has completed the acquisition of German distributor Blankstahlwerk Sindorf GmbH (BWS), S&P Global Platts learned from a company statement Monday.
Akcelik said that with the purchase of BWS, which has specialized in production and sales of bright steel since 1994, it will begin to serve Germany’s automotive and machine manufacturing industries under the name of Akcelik Blankstahl und Service Center GmbH.
Akcelik has 90,000 mt/year of bright steel production capacity at its peeling, cold-drawing and grinding lines and has served the Turkish steel bar industry since 1978.
The company is producing and offering tempered steel, spring steel, structural steel, carbon steel and free-cutting steel products to the domestic market.
— Cenk Can