Severfield pays £30m to snap up Bolton steelwork contractor

By Will Ing2019-10-01T12:03:00

Value of deal could rise to £37m

Severfield is paying up to £37m for a Bolton-based steelwork contractor as it eyes growth in nuclear and other power sectors.

Family business Harry Peers, which was set up in 1933 and is headed by the eponymous founder’s relative, Michael, has carried out structural steel jobs worth more than £21m at Sellafield in Cumbria and has worked on other nuclear projects at Trawsfynydd Power Station in north Wales and Rosyth Dockyard in Scotland.

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