Jacquet Metal Service to sell Abraservice to SSAB for $49m.

Jacquet Metal Service, a France-based company engaged in the storage and distribution of metallurgic products, agreed to sell Abraservice, which specializes in the distribution of wear resistant steels, to SSAB, a Swedish-Finnish company specialised in processing raw material to steel, for $49m. “The Abraservice network is well aligned with SSAB Services strategy of providing products and services to machine builders and the aftermarket business. The acquisition will help us to further improve our direct relationship with customers and end-users, as well as address new market segments. The workforce of Abraservice has recognized experience and the skills of local management and employees will combine with SSAB in an excellent way,” says Gregoire Parenty Head of SSAB Services.