Steel distributor plans expansion after doubling premises
A MULTI-metal stockholder and distributor is to double the size of its Yorkshire facility in a move which it believes will lead to growth for the company.
ASD Metal Services, a division of Klöckner & Co multi-metal distribution, has secured a new 15 year lease upon its adjoining 215,000 sq ft premises in Stourton in Leeds.
The company will now boast a combined facility of some 400,000 sq ft in Leeds.
Kaha Avaliani, chief executive of ASD Metal Services, said: “The acquisition of the adjoining premises will enable us to centralise our stock holding activities and increase efficiencies within our distribution chain.
“The new facility will also allow us to carry a greater range of stock items and through the installation of new machinery offer a new service to our existing and future customer base.”
The expansion forms part of ASD’s strategy to take advantage of the economic recovery and demand for steel products.
The letting was undertaken on behalf of landlord Threadneedle Property Investments, by Gent Visick, the Leeds-based industrial agency specialists.
Edward Symmons acted on behalf of ASD Metal Services.
Andrew Gent, of Gent Visick, said: “It is encouraging to see a company such as ASD Metal Services preparing for the up turn, investing in their Leeds facility and looking to create new jobs in the future. The unit is well suited to ASD Metal Services’ operational requirements having been purpose built for steel stockholding operations.”
Richard Corby, of Edward Symmons, added: “The opportunity for ASD Metal Services to acquire the adjoining premises was one which our client could not pass up. The property was purpose built for steel stockholding in the 1970’s and had been extended in the 1980’s. The new combined facility will enable our client to provide an enhanced service to their customers”.
Klöckner & Co is the largest producer and independent distributor of steel and metal products in the European and North American markets combined.
