Our History

Milestones of GFG Alliance’s growth

1955

At the age of 13, Parduman K Gupta (PKG) set up his first venture in Ludhiana, India, making steel fasteners for the bicycle industry


1992

Sanjeev Gupta (SKG) established Liberty House Group as a trading company focused on Africa and Asia while reading Economics and Management at Trinity College, Cambridge University


1996

PK Gupta (SKG) set up SIMEC as an export and import house in India


2000

Liberty grew into a commodity trade house focused on ferrous and non-ferrous metals, opening offices in Dubai, Singapore and Hong Kong


2013

SIMEC opened London, Dubai, Hong Kong and Indian offices as the business re-focused primarily on sustainable power, mining and infrastructure assets


2014

SIMEC acquired Uskmouth B Power Station in Newport and renamed it SIMEC Uskmouth Power Station (SUP)


2015

SUP restarted

Liberty Steel Newport began production again after significant restructuring

Liberty purchase the second largest privately owned engineering business in the UK


2016

SIMEC secured significant stake in Tidal Lagoon Power

SIMEC unveiled European headquarters in Geneva

Acquired Mabey Bridge asset with capability to manufacture wind towers and T-Pylons

SIMEC unveiled first Liquid Bio Power renewable plant in Newport, Wales

Liberty reopened the iconic Dalzell steel mill in Scotland

International business Liberty Metal Recycling launched

Liberty reopened structural hollow sections mill in South Wales

Liberty inaugurated new Shanghai office.

Sanjeev Gupta finalised the purchase of Tungsten Bank, renamed to Wyelands Bank Plc

SIMEC and Liberty acquired hydro power and aluminium smelter operations in Scottish Highlands


2017

Liberty expanded automotive expertise by acquiring CovPress and Shiftec

Liberty acquired Tata’s Speciality Steels division

Liberty acquired 100% of the share capital of Caparo Merchant Bar

GFG Alliance agrees to purchase Hartlepool mill

Liberty acquired the UK operations of AMTEK

GFG Alliance acquired the Arrium Mining & OneSteel operations in Australia

GFG Alliance reached agreement with Zen Energy to acquire majority stake in the business

SIMEC entered into unconditional agreement to acquire Green Highland Renewables

SIMEC Energy and Atlantis Resources join forces to develop tidal power generation

Liberty entered North American market with the acquisition of the Georgetown steelworks

2018

Liberty acquired Export Metals in Tampa, USA

Wyelands acquired shares in Demica and purchased TransWorld Insurance Corporation

SIMEC invested in Atlantis Resources and bought Green Highland Renewables

SIMEC acquired Tahmoor Coking coal mine in Australia

The GFG Alliance enters agreement with Diamond Bank PLC of Nigeria to acquire its UK-regulated banking subsidiary, Diamond Bank (UK) PLC

Liberty acquired last French manufacturer of aluminim wheels AR Industries

Liberty acquired Aluminium Dunkerque, the largest aluminium smelter in Europe

2019

Liberty completed the purchase of Keystone Consolidated Industries (KCI), the leading integrated wire rod and wire products producer in the USA

Liberty acquired France’s second largest vehicle converter Durisotti

GFG Alliance completes the acquisition of Diamond Bank UK

Liberty purchased Saint Jean Industries and Fonderie du Poitou Fonte in France

Liberty expanded wire capabilities in the USA with the purchase of Johnstown Wire Technologies

Liberty acquired 7 major steelworks in Europe from ArcelorMittal