# Barrett Steel to acquire Aartee Bright Bar assets for £13M

Barrett Steel will acquire the majority of collapsed steel business Aartee Bright Bar in a £13 million rescue deal, saving 173 jobs. The Dudley site will close, resulting in 45 redundancies.

- Type: Acquisition
- Announced: 2023-03-28
- Where: Dudley, West Midlands, United Kingdom
- Value: $16.0M (13.0M GBP)
- Jobs: -45
- Status: announced
- Products: hot rolled steel, bright bar steel, steel distribution
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Aartee Bright Bar](https://endata.com/companies/68629.md) (target)
- [Barrett Steel](https://endata.com/companies/69390.md) (acquirer)

## Sources

- [independent.co.uk](https://www.independent.co.uk/news/business/steel-firm-aartee-bright-bar-bought-in-rescue-deal-but-dudley-site-to-close-b2308795.html), 2023-03-28: "The majority of collapsed steel business Aartee Bright Bar will be bought by Barrett Steel in a £13 million rescue deal – but the firm's Dudley site will close."

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