Severfield to acquire Harry Peers & Co for £25m.

Severfield, the market leading structural steel group, agreed to acquire Harry Peers & Co, a leading full-service structural steelwork business, for £25m. "This acquisition will help Severfield continue to deliver on its strategic objectives. Harry Peers's experience in specialist, highly regulated, non-cyclical markets will enhance our future growth plans through expanding the Group's capabilities and sector reach. We believe Severfield is best placed to help Harry Peers continue its profitable growth trajectory, through increased scale and investment and together with Harry Peers's strong management team we have a real opportunity to develop a broader position within the UK structural steel services market." Alan Dunsmore, Chief Executive Officer, Severfield.