Acquisition of Stemcor’s Barclay & Mathieson

On March 20th 2015 MBM Group Services Limited, in which Alcyon is an investor, acquired Barclay & Mathieson Limited from Stemcor Holdings Limited.

Barclay & Mathieson has over 130 years experience as a general steel stockholder and fabricator in the UK, operating from 13 locations around the country, with 222 employees processing over 100,000 tonnes of steel.

Barclay & Mathieson made a significant and profitable contribution to Stemcor who completed the disposal as part of their ongoing commitment to restructure their business. Barclay & Mathieson has strong management and good prospects for growth.

Derek Myatt of Meridian Metal Trading Limited, a £100m revenue steel processing and stockholding company, has agreed to Chair MBM, the holding company, whilst the investor group explores profitable synergies between Barclay & Mathieson and Meridian Metal Trading, with these complimentary businesses creating significant market presence in the steel stockholding sector.