Metals company snapped up by £40m turnover firm

A metals specialist based in Dudley has been acquired by a £40m turnover firm.

Bornmore Metals has purchased P&P Non-Ferrous, a stockholder, processor, and distributor of non-ferrous metals.

Bornmore Metals, a UK leading supplier of non-ferrous metals, acquired 100% of P&P’s ordinary share capital in the firm’s second acquisition of the past year.

Bornmore Metals is a group company alongside Steel Dynamics and Offshore Stainless Supplies, with more than 100 employees and combined revenues of more than £40m.

Azets’ Martin Poole, corporate finance partner, and Tom Eastwood, associated sirector, advised P&P.

Phil Lowry, chairman of P&P Non-Ferrous, said: “I’d like to place on record my thanks to Azets and everyone involved in delivering a great result for our business and Bornmore Metals. We found the right buyer to take our business forward and the teams worked hard to get the sale done.”

Martin Poole, corporate finance partner with Azets, said: “We have worked closely with the P&P shareholders and built a trusted relationship since 2017, so we are delighted to have assisted with the successful sale of their business to Bornmore Metals.

“We advised throughout the process, from the very first enquiry in early 2021 through to completion. With the help and support of all involved, we were able to conclude the transaction and achieve a great outcome for our long-term client.”

The legal process was led by Emily Parkes (associate) and Adrian Cutler (partner) of Higgs & Sons.