Stemcor acquires UK stockholding company SPS

The acquisition gives Stemcor a stockholding presence in the UK, with warehouse facilities in Birmingham and Glasgow as well as Rotterdam, Dubai and Singapore. It builds on Stemcor’s recent acquisitions of stockholding businesses in Continental Europe and the USA.

Stemcor Executive Chairman Ralph Oppenheimer said: "I am honoured that SPS’ previous owners have chosen Stemcor as the new steward of their company. SPS is a fine company with its own culture and a tradition of first class customer service. Stemcor will ensure that these qualities are maintained."

SPS’ sales of high yield offshore and structural quality steel plate complement Stemcor’s existing business supplying the Oil Country Tubular Goods (OTCG) market with steel casing, tubing and drill pipe. In addition to offshore fabrication, SPS also sells plate, tube, sections and stainless steel for a range of applications including pressure vessel and boiler manufacture and offers a full material testing and processing service.

Julian Verden, Stemcor’s Group Managing Director, said: “We are delighted that SPS is joining the group as it gives us the opportunity to enter new markets with high quality niche products.”

Mark Robbins, who continues as Managing Director of SPS, said: “Apart from the retirement of my brother Julian as chairman, our management team remains the same. We look forward to continuing the premier service that we provide our customers and to further developing our business using the platform of the Stemcor group.”