Clearwater International advises Cedar Holdings on the acquisition of Stemcor Global Holdings
Clearwater International has advised Cedar Holdings Ltd (Cedar Holdings), a leading privately owned commodities business based in China which is listed on the Fortune Global 500, on its acquisition of Stemcor Global Holdings Limited (Stemcor), a privately held, global independent steel trading group.
Established in 1997, Cedar Holdings is headquartered in Guangzhou, China and has an established global presence with offices in Hong Kong, Singapore, Switzerland, Germany, France, and the US. The business is dedicated to building a world-leading commodities company that is actively driving forward the development and operation of the whole commodities chain across the globe. This includes commodities resources, supply chain services and finance, and making continuous efforts in developing fine chemicals, new metal materials and commodities.
Stemcor is a leading independent steel trading and distribution business with full global reach and operational scale. The business has a global team of experienced personnel and senior traders with in-depth sector knowledge and relationships across a portfolio of suppliers and customers. The business offers customers the option to choose from over 3,500 different grades of steel and raw materials.
The latest acquisition is expected to expand Cedar’s’ product and service offering into adjacent markets, taking advantage of their knowledge and experience within the commodities sector. Stemcor will continue to deliver the highest level of service to its customers and suppliers, whilst generating consistently profitable performance across its worldwide trading network.