Warners Company commercial team acted on behalf of a Spanish based company Aceros Bergara SA, which is involved in the stainless steel distribution industry, in connection with its purchase of all of the issued share capital of Stainless Steel Services Limited, a company based in Birmingham for a consideration of £5.5 million.
Warners is one of the founding members of its international legal network the Alliance of Business Lawyers (ABL) and was introduced to the Spanish company by ABL’s member in Barcelona.
Aceros Bergara is part of the Irestal Group, which has 28 operations throughout Europe and this purchase was a strategic addition to its already broad European presence.
Mark Rosser headed up the Warners’ team and was assisted by Kevin Sullivan with Elizabeth Dolding dealing with the property aspects of the transaction.