Acenta Steel is the UK's largest independent processor and distributor of bright and engineering steel bars. The company is based in Willenhall in the West Midlands and can trace its history back to the 19th century. This acquisition marks a new period of growth for the business which currently has six sites and 350 employees across the UK.
The deal provides Aar Tee, which is registered in Singapore, a new presence in the UK manufacturing sector. Aar Tee confirmed that the senior management team of Acenta will continue to drive the business forward under its new ownership.
Corporate partner Mark Gibson advised Acenta on the transaction.
He said: "I was delight to be able to advise Acenta on this new period in its long history. The business has been a key figure in the West Midlands manufacturing industry for many years and this deal will allow the business to grow and develop even further."
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