Severstal-metiz, Russia's leading wire manufacturer, said Tuesday it had acquired a 100% stake in Britain's Carrington Wire, Europe's leading wire producer.
The company did not specify the price of the deal.
Severstal-metiz is a member of Severstal Group, a major Russian steel producer with assets in a wide range of industrial sectors, including mining, machinery and transportation.
Carrington accounts for 30% of the UK's wire and wire products market, with customers in more than 50 countries. |
