17
Feb
11:35
GFG Alliance acquires Aartee Bright Bar
GFG Alliance has acquired insolvent UK engineering steel distributor Aartee Bright Bar (ABB) via the purchase of 100% shares in Aartee Group Pte Limited.
This follows Aartee going into administration earlier this month.
GFG has provided funding to cover wages for four weeks to prevent a reduction in jobs expected under the administration. The group says it has filed an application to challenge the administration, and will seek to restart operations in a bid to sa…
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Anonymous
Very good overview of the weekly steel market.
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