Liberty Metal is to promote its Stocksbridge plant as a part of the bothered company’s restructuring within the wake of the cave in of lender Greensill.
The sale of the aerospace and particular alloys metal trade close to Sheffield can even see its “downstream” crops at Brinsworth, close to Rotherham, and West Bromwich offloaded, the corporate mentioned.
Liberty added it had already begun sale processes for Liberty Aluminium Applied sciences and Liberty Urgent Answers, which even have UK crops.
The corporate, a part of Sanjeev Gupta’s GFG Alliance, mentioned the Stocksbridge sale would lend a hand it whole its UK restructuring and refinancing and make allowance it to concentrate on its plant at Rotherham.
A spokesman declined so as to add any longer remark when requested in regards to the possibilities of a sale.