News

CJM WIN OUTOKUMPU INSTRUCTION AT STOCKSBRIDGE

CJM Asset Management and partners Parkegate Engineering Consultants are delighted to have won instruction from Outokumpu Stainless Limited to sell the Stainless Precision Strip Plant following the decision to close their Stocksbridge site.

Charles Moses, Managing Director of CJM Asset Management commented;

"This is the fourth major instruction we have undertaken for Outokumpu and we are proud and delighted that they have shown their faith in us once again. Stocksbridge enjoyed a worldwide reputation for producing highest quality precision strip for the razor blade, scalpel and cutlery markets and we believe the sale of the Stocksbridge equipment as a whole offers a strategic opportunity for any stainless processor contemplating entry into this particular market sector"

The Stocksbridge Plant continues to operate until April 2008 and can be seen working until that time. For details of the range of equipment available and viewing arrangements contact CJM Asset Management on +44 (0)1724 334411 or email sales@cjmasset.com