# Liberty House bids to acquire Asco Industries and Ascoval steel assets in France

Liberty House, part of GFG Alliance, made an unconditional offer to acquire the assets of Asco Industries and Ascoval, securing nearly 1,600 jobs and 1 million tonnes of steelmaking capacity. Liberty plans to invest over €300 million over five years, including €100 million in capital investment.

- Type: Acquisition
- Announced: 2018-01-19
- Where: Saint Saulve, Fos-sur-Mer, Les Dunes, Hagondange, Marais, Custine, France
- Value: $367.0M (300.0M EUR)
- Jobs: 1,600
- Status: announced
- Capacity: 1 million tonnes of steelmaking capacity
- Products: steel products for automotive, oil and gas, bearings
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ASCOVAL](https://endata.com/companies/3161.md) (target)
- [ASCO Industries](https://endata.com/companies/15250.md) (target)
- [Liberty House Group](https://endata.com/companies/19785.md) (acquirer)

## Sources

- [libertysteelgroup.com](https://libertysteelgroup.com/britains-leading-industrial-group-gfg-alliance-confirms-bid-to-secure-future-of-flagship-french-steel-businesses/), 2018-01-19: "Liberty plans to invest more than €300m over five years to stabilise and grow the business including capital investment of €100m to upgrade the sites and expand output."

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