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12 May
15:02

Marcegaglia buys Liberty's UK tube business

Marcegaglia’s UK division has acquired Liberty Steel’s Oldbury-based Precision Tubes assets in the West Midlands, the Italian pipemaker confirms to Kallanish. Prior to the purchasing deal, Marcegaglia operated Liberty’s facilities under a licence agreement. “During the two-year assessment, Marcegaglia UK has used the assets to contribute to its existing business, which has aided the expansion of the company’s footprint in both the UK …
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