S&S Steelstock, which supplies mild steel coil, plate and sheared blanks, has acquired Trident Sections in a deal that will double its revenues, increase manufacturing capability and open new markets.
Eight experts from across accountancy firm DJH’s offices in the North West and the Midlands were involved in the acquisition, delivering the purchase within a relatively short timeframe and in a position that allows the enlarged business to make the most of opportunities in the automotive, construction and electrical sectors.
“This is a fantastic purchase that brings together two-well established Black Country businesses, who collectively have more than 60 years of industrial heritage between them,” explained Lewis Pearson, Corporate Finance Director at DJH.
“S&S Steelstock has a long-standing background in supplying products to the auto supply chain, and this deal gives it the opportunity to capitalise on Trident Section’s expertise
in specialist narrow slitting, whilst also expanding into galvanized steel capping and channel works – predominantly for the electrical wholesale market.”
He continued: “The two firms share similar manufacturing values of quality and delivery performance, and this deal creates efficiencies of scale and the ability to bolster on complementary capabilities to the S&S offer.
“Importantly, the two businesses will now both be operational from the 15,000 sq ft manufacturing facility in Kingswinford, creating immediate additional capacity and helping to reduce lead times to customers.”
Chris Downs, Director of S&S Steelstock, added his support: “We are passionate about UK manufacturing and the opportunity to bring Trident Sections into the family represented a perfect fit that will hopefully lead to growth and new jobs.”
Photo: (l-r) Lewis Pearson (DJH), Luke Pritchard (Knights), Chris Downs, Barry Collins, Jon Elwell (all S&S Steelstock), Melissa Orpe (HSBC UK) and David Wright (DJH).