Malmesbury-based Megasteel has announced the planned reverse takeover of London Stock Market listed company More Acquisitions. The deal values Megasteel at between £49.5m and £63m.
Megasteel acts as an independent steel supplier, specialising in the distribution of steel for the reinforcement of concrete. Megasteel holds extensive stocks of wire and strand in its warehouses in Felixstowe and Ipswich, while its headquarters is in Malmesbury.
Nigel Roberts, CEO of Megasteel, said: “This has been the result of a lot of hard work by all involved and comes about 33 years after I left my job at Allied Steel and Wire to start my own business. I am very proud of everything we have achieved as a business.”
To read more on the Megasteel website, click here.
-(2).png?sfvrsn=3b7e3050_0){kind=logo}
