Higgs LLP award-winning Property team has advised USP Steels on the property elements of its acquisition of C Brown and Sons Steel Limited, one of the most established and respected names in the UK steel industry. For Higgs, the Property team’s Sarah Bradford and Kiran Salhan led on this particular deal.
The deal involved the acquisition and funding of a multi-million pound portfolio of freehold properties in Dudley and significantly enhances USP Steels’ processing capabilities. C Brown and Sons brings with it state-of-the-art equipment to further bolster USP Steel’s existing facilities, strengthening its position as the market leader.
Higgs LLP Legal Director, Sarah Bradford commented on the completion, “We were delighted to advise USP Steels on the property elements of this strategic acquisition. Securing the right property arrangements was key to supporting USP Steels’ expansion and ensuring a smooth integration of C Brown and Sons’ facilities. It’s fantastic to see this deal strengthen USP Steels’ position in the market, and create exciting opportunities for future growth.”
USP Steels founder Glyn Costigan reflected on the successful outcome and said, “This is an incredibly exciting new chapter for USP Steels, our people and our customers. The acquisition of C Brown and Sons not only strengthens our business and capabilities but also reinforces our long-term commitment to remain at the forefront of the steel industry.
“With expanded facilities, increased capacity and a sharper focus than ever. USP Steels is stronger, more competitive and better positioned to service the market for decades to come.”
The wider aspects of the deal were dealt with by Higgs LLP’s Restructuring & Insolvency team, led by Lewis Onions and Chloe Shilton, with strategic oversight from Head of Corporate, Richard Griffiths.
This information is for guidance purposes only and does not constitute legal advice. We recommend you seek legal advice before acting on any information given.
