EoW January 2008

english corporate news

Expanding into Latin America

Murray General Steels acquires Parson and Crosland

Expanding its strong technical and service presence in Latin America, Dow Wire and Cable has added a number of experienced personnel and a new structure that will offer direct local support for customers and end users throughout the region. “As a long-standing business member in Latin America, we have gained significant experience with regional industry needs and practices,” said marketing manager Adolfo Nieto. Dow Wire and Cable brings the broad portfolio of products and services offered by the Dow Chemical Company and its subsidiaries for the transmission, distribution and consumption of power, voice and data, to a local level, offering improved efficiency and time to market along with ongoing product improvements based on specific Latin America needs.

Murray General Steels (MGS) has bought Parson and Crosland Ltd for an undisclosed sum. MGS is part of Murray Metals Group, the UK’s largest independent steel stockholder and processor of both general steel and specialist metals. This latest deal by the bespoke general steels division follows the recent acquisitions of Tipton and Mill Steels and Newton Steel Stock. Parson and Crosland Ltd, based in Middlesbrough, Teesside, was established in 1926 and employs 47 people. David Lawson, managing director of Murray General Steels, said: “It is a successful, long-established business that has built a reputation within the industry for excellence in customer service and delivery.” He added: “We are delighted to have reached an agreement to acquire Parson

and Crosland. It is a highly-respected, well- run business with a strong management team and customer base.” Edward Bilcliffe, managing director of Parson and Crosland, said: “This is an important deal and one that brings us into the fold of an expanding group of ambitious businesses. “Being part of Murray General Steels and the wider Murray Metals Group will help us to continue to develop our business with increased speed and confidence.” Murray Metals Group itself is part of rapidly-expanding Murray International Holdings (MIH), a multi-faceted business employing 4,000 people across the world and with interests in metals, property, private equity, outsourced services and football. Murray International Holdings – UK Fax : +44 131 316 4343 Email : info@murray-international.co.uk Website : www.murray-international.co.uk

DowWire and Cable – USA Fax : +1 713 978 2189 Email : info@dow.com Website : www.dow.com

24

EuroWire – January 2008