# GFG Alliance acquires Aartee Bright Bar to save 250 steel jobs

GFG Alliance has acquired Aartee Bright Bar (ABB) via a 100% share purchase of Aartee Group Pte Limited. The acquisition aims to save 250 viable steel jobs across the West Midlands, Rugby, Bolton, Southampton, and Newport, and follows ABB's administration due to a creditor dispute.

- Type: Acquisition
- Announced: 2023-02-17
- Where: West Midlands, Rugby, Bolton, Southampton, Newport, United Kingdom
- Jobs: 250
- Status: announced
- Products: bright bar steel products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [GFG Alliance](https://endata.com/companies/19734.md) (acquirer)
- [Aartee Bright Bar](https://endata.com/companies/68629.md) (target)

## Sources

- [gfgalliance.com](https://www.gfgalliance.com/media-release/gfg-alliance-acquires-aartee-bright-bar-in-bid-to-secure-250-viable-steel-jobs-in-the-west-midlands-and-across-the-uk/), 2023-02-17: "Our rescue plan would save 250 viable steel jobs in the West Midlands and across the UK."

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