Tata Steel in Europe today announced it has signed a Business Purchase Agreement with William King Limited for the sale of Firsteel.
In May 2018 Tata Steel announced it was seeking a buyer for Firsteel, a coated steel bakeware manufacturer in Walsall, UK, and other business units which supply products to niche markets. The sale of these non-core businesses allows the company to continue to strengthen its focus on strategic strip products and markets.
William King is a long-standing family-run independent service centre which supplies the automotive, domestic appliance, metal packaging and construction sectors.
As a responsible seller Tata Steel committed to seeking the best and most sustainable future for Firsteel and its 50 employees.
Tata Steel’s European operations will continue to employ about 21,000 people manufacturing advanced products for the automotive, construction, engineering and packaging sectors.
For further information: Damien Brook on T. +44 (0)795198490 or firstname.lastname@example.org
About Tata Steel’s European operations
Tata Steel is one of Europe's leading steel producers, with steelmaking in the Netherlands and the UK, and manufacturing plants across Europe. The company supplies high-quality steel products to the most demanding markets, including construction and infrastructure, automotive, packaging and engineering. Tata Steel works with customers to develop new steel products which give them a competitive edge. The Tata Steel group is among the top global steel companies with an annual crude steel capacity of 33 million tonnes. It is one of the world's most geographically-diversified steel producers, with operations and a commercial presence across the world. The group’s turnover (excluding its South East Asia operations) in the year ending March 2019 was US $22.67 billion.