Buyer of steel company Euro Corp backs down

The steel industry is facing tough times. (Image: Euro Corporation/NZME)

Fri, 15 Nov 2024

The majority owner of the steel company Euro Corporation says the firm's sale will be delayed.Euro Corp, which houses the Complete Reinforcing, Conslab, Summit Steel & Wire and Tornado brands, said “key potential buyers” had withdrawn from the process of buying it.It is not known who the possible purchasers were.More than half of the company is owned by Maui Capital’s Indigo fund, and the rest by interests associated with Maurice McKenzie and his son, chair Randal McKenzie.According to its LinkedIn profile, the company...

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