Special metals distributor Jacquet Metals announces that it has signed a definitive agreement to acquire several distribution companies from Swiss Steel Group, a world leader in the production of long special steels.

The scope of the transaction includes companies in the Czech Republic, Poland, Slovakia, Hungary, Lithuania, Estonia and Latvia, generating sales of €158 million and EBITDA of €12 million in 2022, with 267 employees.

Completion of the transaction is subject to the usual conditions precedent, including approval by the relevant competition authorities. Completion of the transaction is scheduled for the second quarter of 2023.

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