It is reported that a Wolverhampton steel firm has been saved from administration in an undisclosed deal.

As per report, Anglo Precision Steels of Meadow Drive Industrial Estate was sold days before the appointment of corporate recovery, insolvency and restructuring firm Leonard Curtis to manage its affairs.

The business, trading as Apuries Steels Limited, is an independent stockiest and processor of wide and narrow strip mill products. It supplies coil or strip in a variety of grades and specifications to customers in sectors such as automotive and electrical products.

(Sourced from www.thebusinessdesk.com)