Stockholder Barrett Steel has acquired distribution sites and a bright bar facility owned by troubled business Aartee Bright Bar for £13 million, saving more than 170 jobs.
But a hot-rolled site in Dudley has not been included in the sale, costing 45 roles and the closure of the plant.
The acquisition from administrators encompasses Aartee Bright Bar's distribution businesses in Rugby, Bolton, Newport and Southampton and its bright bar facility operating out of Willenhall in the West Midlands.
