Stainless steel firm strengthens its business with acquisition.
ELG Utica Alloys International GmbH has acquired 100 percent of the shares of Kilnhurst, United Kingdom.-based ABS Industrial Resources Ltd. The British company is described in a late February 2013 ELG news release as “a specialist in the sourcing, processing and supply of primary and secondary alloys and metals.”
ELG Utica is the superalloys division of the Germany-based ELG Haniel Group, a company involved in the trading and processing of raw materials for the stainless steel industry, including primarily stainless steel, titanium and superalloys.
The company has more than 40 locations in North America, Europe, Asia and Australia.
ABS Group, founded in 1988, has an international presence, with locations in the U.K., South Africa, the United States, Germany and France. It describes its core business as the sourcing, processing and supply of primary and secondary alloys and metals.