Caparo plc is a British company involved mainly in the steel industry, primarily in the design, manufacturing and marketing of steel and niche engineering products.[1]
Sixteen companies within the group were put into administration in October 2015, leaving three to continue trading as normal.[2][3]
One month later, Sanjeev Gupta, head of Liberty House Group, announced that his family had bought a part of the business from the administrators.[4] Liberty House bought Caparo Merchant Bar - one of the three solvent parts of the business that had continued trading - from the administrators in 2017. While CMB had remained solvent, its ability to develop had been restricted by its ties to a pension scheme of its former parent group.[5] Numerous other deals by the administrators saw many companies within the group sold, with consequent savings in jobs.[6]
History
The group was headed by Angad Paul, the son of Lord Paul, from 1996, until his death on 8 November 2015.[7]
According to a text published 1995, the Caparo group specialized in take-overs. At the time of publishing, the company had fixed assets and investments (having been quoted), of £26 million.[8]
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