# Liberty House enters exclusive talks to acquire Tata Steel's Speciality Steels business

Liberty House Group entered exclusive negotiations to acquire Tata Steel UK's Speciality Steels business for £100 million. The business, based in South Yorkshire, employs about 1,700 people and produces specialty steels for automotive and aerospace.

- Type: Acquisition
- Announced: 2016-11-28
- Where: South Yorkshire, United Kingdom
- Value: $124.0M (100.0M GBP)
- Jobs: 1,700
- Status: announced
- Products: carbon steel, alloy steel, stainless steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Tata Steel UK](https://endata.com/companies/15943.md) (target)
- [Liberty House Group](https://endata.com/companies/19785.md) (acquirer)

## Sources

- [libertysteelgroup.com](https://libertysteelgroup.com/liberty-house-group-takes-step-forward-to-acquire-tata-steels-speciality-steels-business/), 2016-11-28: "We look forward to working with Tata Steel over the coming weeks to complete this hugely important milestone transaction."
- [business-standard.com](https://www.business-standard.com/article/news-cm/tata-steel-uk-signs-letter-of-intent-with-liberty-house-group-116112800691_1.html), 2016-11-28: "Tata Steel UK announced the signing of a Letter of Intent with Liberty House Group to enter into exclusive negotiations for the potential sale of its Speciality Steels business for an enterprise value of GBP 100 million."
- [southwalesargus.co.uk](https://www.southwalesargus.co.uk/news/business/14933093.liberty-house-group-takes-step-forward-to-acquire-tata-steels-speciality-steels-business/), 2016-11-28: "We look forward to working with Tata Steel over the coming weeks to complete this hugely important milestone transaction."
- [steeltimesint.com](https://www.steeltimesint.com/news/liberty-house-group-moves-closer-to-acquiring-tata-steels-speciality-steels), 2016-11-29: "We recognise the world-class skills of the Speciality Steels workforce and are eager to join with them to develop the business and increase market share, both domestically and internationally using our global presence."
- [stainless-steel-world.net](https://stainless-steel-world.net/liberty-house-to-acquire-tata-steels-business/), 2016-12-12: "We look forward to working with Tata Steel over the coming weeks to complete this hugely important milestone transaction."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.