Tibnor to acquire Sanistål’s steel distribution business
SSAB’s subsidiary Tibnor has agreed to acquire the steel distribution business of the Danish company Sanistål A/S, Denmark’s second largest steel distributor. This supports SSAB’s strategic target to strengthen its Nordic home market position. The steel distribution business now being acquired had sales of around SEK 1.8 billion in 2017. Subject to the approval of the Danish competition authority, the transaction is expected to close in the early part of the second quarter of 2019.“Acquisition of Sanistål’s steel distribution business will complete Tibnor’s Nordic footprint by increasing