It has been officially announced that Spanish long steel producer Megasa has acquired French steel supplier Societé Rouennaise de Déroulage (SRD) 100% from investment company VH Asset Management.
Megasa said the agreement enables the group to diversify and strengthen its presence in Europe and offer its full product range, and that SRD has an outstanding location on the banks of the Seine River in Normandy, with its own port area that allows ships up to 10,000 tons to be loaded.
The transaction was finalized at the end of February, but the value of the purchase was not disclosed.
SRD came under the umbrella of Megasa's distributor company Metalúrgica Galaica.
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