Barrett Steel to acquire UK distribution sites from British Steel
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Barrett Steel, the largest steel stockholder in the UK, has confirmed its intentions to purchase a number of British Steel distribution centres and offices, including one in Edinburgh.
The firm is hopeful of securing British Steel Metal Centre sites including Wolverhampton, Dartford, Newcastle and Scunthorpe alongside offices in Cheadle and Edinburgh.
The deal will only go through once the planned sale of British Steel to Jingye is finalised.
“We are currently awaiting the sale of British Steel to be finalised. Discussions are continuing, but we would like to clarify that the sale between Jingye and Barrett’s will only be completed once the sale between British Steel and Jingye is confirmed,” the company said.
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