Severfield : Acquisition of DAM Structures

The company's manufacturing capabilities as specialist steel fabricators of both temporary and permanent works range from plunge columns, plated beams, box sections, tower crane grillages, small and large diameter propping works, façade retention towers, portal framed structures, mezzanine floors, heavy duty stairs and minor bridges.

The company operates from its bespoke premises in Carnaby and can currently process up to 300 tonnes of structural steelwork per week for distribution across the UK.

DAM Structures currently has 76 employees.

Alan Dunsmore, Severfield plc's Chief Executive Officer, said:

'This is a very exciting, highly complementary acquisition which will help the Group continue to deliver on its strategic growth objectives. DAM Structures will provide us with access to existing and new customers earlier in the construction process as well as access to new market sectors with strong growth potential including the growing rail electrification sector. DAM Structures has an established client base and proven track record of delivering quality services and will fit in well with the Severfield culture and team.

We look forward to working with the DAM Structures management team on building new business opportunities together and driving future growth from within the combined Group.'

Further information on this announcement can be found here.