Liberty Steel completes acquisition of Polish plate mill for $51.55 million
2021-05-31 09:02:47 [Print]
Liberty Steel Group said on May 28 that it has completed the acquisition of Polish heavy plate mill Huta Czestochowa. The acquisition price was put at $51.55 million.
Liberty Steel Group has exercised its option to acquire the mill, with an 840,000 mt/year crude steel capacity, from the Polish administrative court. The mill had run into difficulties under its previous leaseholder, Sunningwell International, and was idled in October 2020.
Liberty Steel Group described the Polish mill as Europe's only producer of green, high quality steel plate produced from recycled steel, and said the acquisition strengthens Liberty's ambitions to be a major green steel producer in Central and Eastern Europe.
Liberty Steel Group has exercised its option to acquire the mill, with an 840,000 mt/year crude steel capacity, from the Polish administrative court. The mill had run into difficulties under its previous leaseholder, Sunningwell International, and was idled in October 2020.
Liberty Steel Group described the Polish mill as Europe's only producer of green, high quality steel plate produced from recycled steel, and said the acquisition strengthens Liberty's ambitions to be a major green steel producer in Central and Eastern Europe.
