Copying and distributing are prohibited without permission of the publisher

Brough brothers create company to acquire JBM

March 12, 2010 - 16:51 GMT Location: London

KEYWORDS: secondary aluminium LM24 , JBM International , Miles Brough , Ashley Brough , Gary Davies , JBMI Group

Miles and Ashley Brough have created a new holding company, JBMI Group, to acquire secondary aluminium producer JBM International ltd and waste management company Plasmet in a deal that restructures the company’s dept facility.

The news comes 18 months after the brothers sold a stake in JBM international and Plasmet to Barclays Ventures, the private equity of Barclays bank, for £10 million ($15 million). It is unclear if Barclays Venture will still have a stake in the two companies following the deal. “The shares of JBM International Ltd and Plasmet (UK) Ltd have been acquired by a new holding company, JBMI Group Ltd, the main shareholders of which are Miles Brough, Ashley Brough and Gary Davies, following the new equity investment,” JBMI Group ceo Miles Brough told MB on Thursday. The directors of JBM International agreed a deal to restructure the current debt facility of the group following the difficult operating conditions experienced by the sector since September 2008. “Following the extremely tough trading conditions experienced by the whole...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Non-Ferrous

Feb 10, 2012 16:05 Empire Recycling expansion given ‘go’
Feb 10, 2012 14:28 MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES
Feb 10, 2012 12:56 European secondary aluminium prices stay flat
Feb 8, 2012 17:06 MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES
Feb 8, 2012 14:54 UK secondary aluminium stabilises after month of gains

Comment & analysis

LORD COPPER: Glencore-Xstrata will be a merger of more-than-equals

Glenstrata, X-Core, Davenberg, Mivan? Whatever the result of the Glencore-Xstrata merger is to be called, finding a name is an inevitable step after the IPO.
COMMENT: Glenstrata still has to break the mould

The news that Glencore and Xstrata are in merger talks would only come as a surprise to someone living under a rock, and only then if said rock did not contain any valuable minerals. But now that talks of a tie-up of the world’s largest metals trader and its fourth largest miner have finally moved into the boardroom, hypothetical questions have become real, and the answers are far from certain.
APEX FULL YEAR 2011: Base metal forecasts: astounding accuracy

Astounding upon astounding: that is how the 2011 leaderboard for Apex, the Metal Bulletin service that tracks the performance of over twenty top base metal price forecasters, appears when you consider it coldly.