“This included an accelerated [Mergers and Acquisitions] process, supported by our advisers and undertaken in full collaboration with stakeholders, to identify potential buyers or investors.<\/p>\n
“Regretfully, despite substantial interest and attempts at completing a deal, no transaction was concluded.”<\/p>\n
Consulting firm Alvarez & Marsal has stepped in to assist with next steps.<\/p>\n
Unimetals said it recognised how distressing the news was for its employees who had “worked tirelessly” since it took over Sims Metal’s UK-based business in 2024.<\/p>\n
“Their dedication, skill, and resilience are the backbone of this business,” the statement continued.<\/p>\n
“Our priority now is to work closely with all stakeholders including employees, suppliers, customers, creditors, and our regulators to ensure that the liquidation process is managed safely, responsibly, and transparently.<\/p>\n
“We are working urgently to agree on a clear plan and timeline for what happens next.”<\/p>\n","protected":false},"excerpt":{"rendered":"“This included an accelerated [Mergers and Acquisitions] process, supported by our advisers and undertaken in full collaboration with…\n","protected":false},"author":2,"featured_media":591112,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7820],"tags":[855,748,393,4884,16,15],"class_list":{"0":"post-591111","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-birmingham","8":"tag-birmingham","9":"tag-britain","10":"tag-england","11":"tag-great-britain","12":"tag-uk","13":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115605708805853310","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/591111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=591111"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/591111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/591112"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=591111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=591111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=591111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}