Tokyo headquartered Marubeni-Itochu Steel has acquired the entire share capital of the Barclay & Mathieson in UK. Barclay & Mathieson Group includes the divisions B&M Steel, B&M Architectural, Steel Plate and Sections, Industrial Metal Services, Avon Steel and Abram Pulman Steel. Marubeni-Itochu Steel President & CEO Mr Tatsuhiko Toshita said “MISI are the instant, global supply solution, our worldwide infrastructure will help us catapult the B&M group to the next level”Barclay & Mathieson CEO Mr Mike Walton said “It’s an exciting time for the B&M Group, with further plans for growth in the UK & the rest of the world, the backing of our new parents and the significant resources both financial and operational will enable us to deliver those goals”Marubeni-Itochu is a major supplier of steel products and have divisions in Oil & Gas, Automotive, Shipbuilding, Civil Engineering, Construction & Electrical Appliances along with renewable energy. MISI plans to grow presence within the UK and European markets and the acquisition of the B&M group will add real value adding businesses to its existing portfolio. With plans to invest significantly post acquisition it will be an exciting opportunity to expand and grow further globally.