ASD Limited, a prominent UK steel distributor, has strategically acquired the assets of Atlantic Steel Processing, a Birkenhead-based decoiler, from administration. This move is part of ASD's growth trajectory under the ownership of Spain's Hierros Añon, marking a significant expansion in the UK's northwest and offering direct access to the Irish markets.
The acquisition introduces new product lines to ASD, including decoiled hot-rolled sheet and reversing mill plate, and boasts the inclusion of Europe's widest decoiling line, capable of processing material up to 2.5 meters wide. The purchase follows Hierros Añon's recent acquisition spree, which included four Kloeckner country operations, positioning ASD for a stronger market presence in northern Europe.
Atlantic Steel Processing's fall into administration on May 3 was due to a challenging UK hot-rolled coil (HRC) and sheet market, compounded by cash flow issues after a management buyout in 2022. The industry anticipates further consolidation in the service center and decoiling markets amid continued market difficulties.
