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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.
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.