Avesta Sheffield acquires steel distributor in Lithuania

Stockholm 2000-11-14 Avesta Sheffield acquires steel distributor in Lithuania Avesta Sheffield AB's sales company in Lithuania, UAB Avesta Sheffield, is to acquire the stainless steel distribution business from UAB Triasas in Kaunas, the second largest city of Lithuania. Triasas, which has 7 employees, including the three current owners, is a leading distributor of stainless steel and aluminium products. The company has a turnover of around USD 1 million The acquisition is part of Avesta Sheffield's drive to reinforce its position in the fast-growing market in the Baltic region. For further information please contact Benny Flodin, Managing Director Avesta Sheffield Baltic Oü, telephone +46 586 470 28 or +46 70 656 54 54. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/11/14/20001114BIT00840/bit0001.doc http://www.bit.se/bitonline/2000/11/14/20001114BIT00840/bit0002.pdf