HIFA OIL GROUP: EURO-METALI BUYS MERSTEEL, FORMER SLOVENIAN GIANT

In this way, Euro-Metali have strengthened their leader positoin on the domestic market with a perspective of a stronger performance in the region of Southeast Europe. After the purchase of the German company, then the "Terminale" steel mill Zenica, and by the acquisition of the Slovenian Mersteel, the investment cycle of the Hifa Oil Group continues as announced at the beginning of 2017.

Mersteel Ltd. Sarajevo is a daughter company of "Mersteel Ltd. Naklo" from Slovenia. Mersteel was the leader in former Yugoslavia in steel distribution all until the economical crisis 2009 when they experienced a large turnover crash, which maintained until 2016. During its leader time on the market, they were the synonym for quality, organisation and reliability in all countries of the region. The company has maintained its leadership in Slovenia.

- Up to some years ago, it was unthinkable for a company from Bosnia and Herzegovina to buy Mersteel. Today we are aable to publish this acquisition news, by which Euro - Metali, together with the Hifa Oil Group, continues the investment cycle as announced at the beginning of this year - says the managing director of Euro - Metali Jasmin Subašić.

Thanks to this acquisition Euro – Metali become the modern equipped object in Southeast Europe when speaking about this branch. The largest part of the warehouse is robotised and automated, with state-of-the-art technology. Hence Euro – Metali enter into a higher business level, which enables them to be "shoulder to shoulder" with renown European steel - centers.

- With additional 7.000 m2 of the most modern closed warehouse space we will be able to offer our clients a higher level of service. So far, Euro - Metali have based their competitive advantage on service for their clients, including quality assortment of products - explains Subasic.Hifa Oil, owner of the company Euro – Metali, is the leader in oil and oil derivatives trade in B&H, with 20% share on the domestic market of white oil derivatives, and the first in distribution of black derivatives on the domestic and the markets in the region in the field of asphalt paving in Austria, Slovenia, Croatia and other countries of the region, says Euro-Metali.