Seven-up for Saul with steel deal
SERIAL entrepreneur Saul Loggenberg has completed yet another deal – his seventh of the year so far.
Mr Loggenberg, who this week announced the capture of five businesses in Lincolnshire and Radius, a Macclesfield marketing agency, has now snapped up a steel processing business in Scunthorpe.
Like his other recent deals, the acquisition of Steel Centre 4 came from administrators.
The previously-family owned £1.8m turnover business went into insolvency 10 weeks ago with the loss of all 27 jobs.
Mr Loggenberg, co-founder of Altrincham-based Bowdon Investment Group, plans to re-hire around 16 staff at Steel Centre 4, which supplies Corus and ArcellorMittal.
The recent acquisitions will take BIG’s turnover to around £120m.
