A. M. Castle &Co., Franklin Park, IL, distributor of specialty metal and plastic products, has acquired Metals UK Group, a distributor and processor of specialty metals primarily serving the Oil and Gas, Aerospace, Petrochemical and Power Generation markets worldwide.
Metals UK Group has four processing facilities; two in Blackburn, England, including its headquarters, one in Hoddesdon North East of London and one in Bilbao, Spain. Metals UK Group reported revenues of $72 million for fiscal year 2007.
Sales outside of the UK comprise 25% of the company's revenues and include customers in 36 countries throughout Europe, Asia, Australasia and the Americas.
Metals UK Group is complementary to our existing North American operations and provides an opportunity for Castle to expand its global reach," said Michael Goldberg, president and CEO of A. M. Castle. "The company's specialty metals product offering, processing capabilities and supply chain expertise, not only complement our business, but also service potential high growth industries we seek to expand our presence in."
Castle operates more than 50 locations in North America and Europe.