Walkersteel | |
Type: | Private |
Location: | Church, Lancashire, Lancashire, England |
Key People: | Jack Walker |
Industry: | Steel processing and distribution |
Homepage: | www.walkersteel.com |
Walkersteel is a major steel processing company based in Church, Hyndburn, Lancashire. The firm was originally established by Charles Walker before his son Jack Walker turned the business into a major company.
The company was sold to British Steel plc in 1989 for a fee in excess of £300million - which helped fund Jack Walker's takeover of Blackburn Rovers in early 1991. By this time, the steel company was achieving profits worth close to £50million a year, though the onset of the recession saw the steel market suffer a major slump.
The brand was revived in 1999, by Jack Walker’s son Howard Walker and his partner Graham Walsh.[1]