Liberty Steel tycoon to sell seven UK plants employing 1,500 in restructuring

Business

Liberty Steel is to sell its Stocksbridge plant as part of the troubled firm’s restructuring in the wake of the collapse of lender Greensill.

The sale of the aerospace and special alloys steel business near Sheffield will also see its “downstream” plants at Brinsworth, near Rotherham, and West Bromwich offloaded, the company said.

Liberty added it had already begun sale processes for Liberty Aluminium Technologies and Liberty Pressing Solutions, which also have UK plants.

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