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ParkerSteel Bought Barrett Steel Saves 50 Jobs

Steel News - Published on Thu, 29 Aug 2019

Image Source: kentonline.co.uk
A Shoreham based family steel company has been taken over by the UK’s largest steel business, saving more than 50 local jobs. John Parker and Son Ltd, also known as ParkerSteel, has been bought out of administration by Barrett Steel, which will take over the Shoreham Port site. More than 50 employees will transfer over to the new company, which will operate as Barrett Steel Shoreham.

Barrett Steel’s managing director James Barrett said that “This acquisition allows the group to develop its presence in the south of England which complements our existing processing hubs in the north. We are excited to welcome the Shoreham team to our business and are positive about the future of the steel industry.”

In addition to the port, the acquisition also sees Barrett Steel acquire extensive processing equipment on the site including shot blast prime and paint facilities.

Source :

Posted By : Rabi Wangkhem on Thu, 29 Aug 2019
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