News: ELG acquires ABS Group
The ABS Group, the metals processing and supply firm and one of Rotherham's most profitable companies, has been acquired by ELG Utica, part of Germany's ELG Haniel Group, and is set for global expansion.
ABS is an international specialist in the sourcing, processing and supply of primary and secondary alloys and metals and ELG Utica is the Superalloys Division of the ELG Haniel Group.
The deal, for an undisclosed sum, sees ELG Utica acquire 100% of the shares in ABS Industrial Resources Limited with ABS continuing to operate independently under its current management team. As part of the deal, current directors, Mark Ridgeway, Andrew Jones and Richard Hannam will be joined on the board by Dimitrij Orlov, head of ELG's Superalloys Division, and Mark Johnson, head of ELG Utica's UK branch.
A spokesperson for the ELG Haniel Group said that: "The management teams of both ABS and ELG Utica will continue to provide high quality service to customers while strengthening the development and expansion of the business worldwide."
The ABS Group was founded in 1988 and has successfully grown into market a leading business. It employs more than 150 employees, has an annual turnover in excess of £100m, and has facilities located in South Africa, USA, Germany, France and China. In 2011 it acquired a new 83,712 sq ft high-specification industrial unit to create a state-of-the-art global headquarters at Adwick Park in Manvers, Rotherham. The move is part of an expansion program that sees 40 people employed in Manvers plus the retention of its Kilnhurst facility.
With headquarters in Duisburg, ELG Haniel Group is a global market leading company for the trading and processing of raw materials for the stainless steel industry. It has a turnover in excess of 27 billion euros and is one of the largest privately owned companies in Germany. ELG acquired the US-based Utica Alloys, Inc. in 2008.
ABS Group website
ELG Utica website
Images: absgroup.co.uk
ABS is an international specialist in the sourcing, processing and supply of primary and secondary alloys and metals and ELG Utica is the Superalloys Division of the ELG Haniel Group.
The deal, for an undisclosed sum, sees ELG Utica acquire 100% of the shares in ABS Industrial Resources Limited with ABS continuing to operate independently under its current management team. As part of the deal, current directors, Mark Ridgeway, Andrew Jones and Richard Hannam will be joined on the board by Dimitrij Orlov, head of ELG's Superalloys Division, and Mark Johnson, head of ELG Utica's UK branch.
A spokesperson for the ELG Haniel Group said that: "The management teams of both ABS and ELG Utica will continue to provide high quality service to customers while strengthening the development and expansion of the business worldwide."
The ABS Group was founded in 1988 and has successfully grown into market a leading business. It employs more than 150 employees, has an annual turnover in excess of £100m, and has facilities located in South Africa, USA, Germany, France and China. In 2011 it acquired a new 83,712 sq ft high-specification industrial unit to create a state-of-the-art global headquarters at Adwick Park in Manvers, Rotherham. The move is part of an expansion program that sees 40 people employed in Manvers plus the retention of its Kilnhurst facility.
With headquarters in Duisburg, ELG Haniel Group is a global market leading company for the trading and processing of raw materials for the stainless steel industry. It has a turnover in excess of 27 billion euros and is one of the largest privately owned companies in Germany. ELG acquired the US-based Utica Alloys, Inc. in 2008.
ABS Group website
ELG Utica website
Images: absgroup.co.uk
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