Steel & Tube confirms acquisition of Tata Steel International (Australasia) Ltd

Steel & Tube confirms acquisition of Tata Steel International (Australasia) Ltd

Steel & Tube Holdings Ltd confirms it has completed the acquisition of Tata Steel International Australasia Ltd (TSIAL). The consideration of $27.5m is for assets of $28m inclusive of $3.7m of cash and is subject to the finalisation of completion accounts.

TSIAL supplies stainless steel, engineering steels and composite floor decks to the New Zealand and Pacific Island markets.”