METALS group Liberty House has announced it will create 300 new jobs once its takeover of Tata Speciality Steels is complete.
The £100 million purchase — to be completed on Tuesday afternoon — will protect 1,700 positions at Aldwarke, Brinsworth and Stocksbridge.
It will also save smaller sites at Bolton in Lancashire, Wednesbury in the West Midlands and two distribution centres in China.
Liberty said it would expand the South Yorkshire business, generating an additional 300 production jobs.
Liberty executive chairman Sanjeev Gupta said: “The Speciality Steels business is a global leader in its field, with a highly-skilled and well-motivated workforce and we are eager to invest so it can grow and achieve its full potential.
“By investing to acquire Speciality Steels, we are casting a big vote of confidence in the future of British industry.
“With the right business model and an innovative approach, the UK steel and engineering sectors can recover and thrive.
“The Government is now pursuing a new post-Brexit industrial strategy and steel must be at the heart of that strategy.”
The acquisition will make Liberty one of the largest steel and engineering employers in the UK, with more than 4,500 workers.