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19 Apr
11:17

SSAB's Tibnor completes Danish distributor acquisition

SSAB subsidiary Tibnor has completed the acquisition of the steel distribution business of Denmark’s second-largest steel distributor, Sanistål, Kallanish learns from the Swedish steelmaker. The acquisition was initially announced last November (see Kallanish passim). The move supports SSAB’s strategic target to strengthen its Nordic home market position. The acquired distribution business recorded sales of around SEK 1.9 billion ($204.4 m…
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