TIDMSFR

Severfield PLC

16 March 2023

 
Dutch acquisition enhances Euro-vision 
 Severfield, the UK's leading structural steel specialist, yesterday enhanced its strategic 
 aim of expanding its presence in continental Europe by acquiring leading Dutch fabricator 
 Voortman Steel Construction Holding (VSCH) for EUR24m. The deal, which Severfield expects 
 to be earnings enhancing in FY24E, will reinforce the group's presence in Europe as well as 
 offering innovative production capabilities in its UK base. Severfield should also benefit 
 from a range of investment pledges in yesterday's Budget. 
 

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(END) Dow Jones Newswires

March 16, 2023 08:18 ET (12:18 GMT)

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