Swiss Steel Group has announced plans to sell several distribution companies to JACQUET METALS, a leading distributor of speciality metals. The transaction encompasses entities in the Czech Republic, Poland, Slovakia, Hungary, Lithuania, Estonia and Latvia that have generated a total net revenue of EUR 158 million and an EBITDA of EUR 12 million in 2022 by selling mostly non-Swiss Steel Group products. This divesture is an important step for Swiss Steel Group on its strategic pathway focusing on a global distribution network that promotes and sells its own mill products.
This is the second significant agreement between the longtime business partners Swiss Steel Group and JACQUET METALS following the sale of distribution entities in Germany, Austria, Belgium and the Netherlands in 2015. With this transaction, Swiss Steel Group and JACQUET METALS will expand their existing business relationship and continue cooperating as reliable partners.
Positioned on high value-added niche markets, JACQUET METALS is a European leader in the made-to-measure transformation and distribution of specialty steels, including duplex, and operates via a portfolio of divisions.
