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Sanjeev Gupta's Liberty Steel buys Johnstown Wire in US for undisclosed sum

The acquisition has helped the company expand its footprint in the US steel downstream products market, Liberty Steel said in a statement

Press Trust of India  |  New Delhi 

Sanjeev Gupta
Liberty House Group's owner Sanjeev Gupta

Indian-origin metals tycoon Tuesday said it has acquired Technologies (JWT), North America's largest of value-added carbon and alloy

The company, however, did not provide the financial details of the transaction.

The acquisition has helped the company expand its footprint in the US downstream products market, said in a statement.

"Sanjeev Gupta's Liberty Steel, part of the global GFG Alliance, further expanded its footprint in the US with the acquisition of Technologies (JWT) in Johnstown, Pennsylvania," it said.

London-headquartered is a global group of energy, mining, metals, engineering and financial services businesses.

The acquisition gives valuable capacity to manufacture a range of and for infrastructure, automotive, utility and consumer sectors, the statement said.

The at Johnstown, will complement Liberty Steel's melting and rolling operations at Georgetown, and Peoria, and, combined with its in Tampa, Florida, will firmly embed the business along the full in the US

The 638,000 square foot Johnstown site has been a high-profile steel for over 100 years and is a top three US of the types of steel that will be needed to modernise ageing infrastructure - electro-galvanized, aluminized and spring wire.

"It's a great pleasure to welcome 250 highly-skilled new members to our family. Integration upstream and downstream with value-added is an absolute core to our US The addition of high-quality specialized facilities at Johnstown further strengthens our existing facilities at and Peoria," Sanjeev Gupta, added.

"We are excited to be joining the GFG family of global businesses and see this as a tremendous opportunity to further our position as a leading manufacturer of in North America," Jack Miller, of said.

First Published: Tue, June 11 2019. 14:45 IST