Milestones of GFG Alliance’s growth
At the age of 13, Parduman K Gupta (PKG) set up his first venture in Ludhiana, India, making steel fasteners for the bicycle industry.
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.
PK Gupta (SKG) set up SIMEC as an export and import house in India.
Liberty grew into a commodity trade house focused on ferrous and non-ferrous metals, opening offices in Dubai, Singapore and Hong Kong.
SIMEC opened London, Dubai, Hong Kong and Indian offices as the business re-focused primarily on sustainable power, mining and infrastructure assets.
SIMEC acquired Uskmouth B Power Station in Newport and renamed it SIMEC Uskmouth Power Station (SUP).
Liberty Steel Newport began production again after significant restructuring.
Liberty purchase the second largest privately owned engineering business in the UK.
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.
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.
Liberty acquired Export Metals in Tampa, USA.
Wyelands acquired shares in Demica and purchased TransWorld Insurance Corporation.
Liberty announced as preferred bidder for Amtek Auto India.
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.
Liberty completed the purchase of Keystone Consolidated Industries (KCI), the leading integrated wire rod and wire products producer in the USA.
Liberty acquires vehicle converter Durisotti in France.
GFG Alliance completes the acquisition of Diamond Bank UK