International industrials and metals group, Liberty House has formally completed the £100m deal to acquire the Speciality Steels division of Tata Steel UK and has announced that it will be creating around 300 new steel jobs in South Yorkshire.
The sale agreement covers several South Yorkshire-based assets including the electric arc steelworks and bar mill at Rotherham, the steel purifying facility in Stocksbridge and a mill in Brinsworth as well as service centres in Bolton and Wednesbury, UK, and in Suzhou and Xi’an, China.
Protecting the jobs of 1,700 existing staff, Liberty House also announced expansion plans expected to generate an additional 300 production jobs in the business with an investment of £20m in the first year.
300 new steel jobs as Tata takeover goes through
METALS group Liberty House has announced it will create 300 new jobs once its takeover of Tata Speciality Steels is complete.
The £100 million purchase — to be completed on Tuesday afternoon — will protect 1,700 positions at Aldwarke, Brinsworth and Stocksbridge.
It will also save smaller sites at Bolton in Lancashire, Wednesbury in the West Midlands and two distribution centres in China.