NKF advises Swiss Steel Group on its deal with Jacquet Metals
Niederer Kraft Frey has advised Swiss Steel Group on its entry into an agreement for the sale of several distribution companies to JACQUET 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 with 267 employees 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 own mill products.
Swiss Steel Group is one of the most important providers of individual solutions in the special long steel products sector. The Group is a manufacturer of tool steel and non-corrosive long steel on the global market.
Completion of the transaction is subject to customary closing conditions including approval by the relevant antitrust authorities. With this transaction Swiss Steel Group and JACQUET METALS will expand their already existing business relationship and will continue to cooperate as reliable partners.
The NKF team was led by partners Philippe Weber (pictured left) and Deirdre Ní Annracháin (pictured right), working with associate Paloma Alcántara (all corporate/m&a).
