Family-owned steel fabricator in Wexford bought by London-listed group in €7.3m deal

John Hennessy, founder and former managing director of Hentech, said the deal would allow the Ballymurn-based steel fabricator to grow faster

A family-owned fabrication firm from Wexford has been acquired by a large London-listed steel products group for € 7.3m, as it pursues growth in the European data-centre market.

Hill & Smith, the FTSE 250-listed steel products group, revealed last week it had bought Hentech Fabrication. It is the latest Irish data-centre-linked firm to be snapped up in recent years.

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