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Expamet, the Hartlepool-based building products supplier with 87 staff, has been bought out of administration by Birtley Building Products.
Expamet International, the manufacturer of metal products, has received a £69m takeover offer from its own management.
Expamet is acquiring a steel lintel and doors business from Diploma for £17m.
Expamet International is acquiring the Hanover-based expanded metals business of Ernst Sorst for £2.1m, in order to gain a strategic foothold in continental Europe.