Tata Steel Ltd.'s Tata Steel UK Ltd. unit completed the sale of its steel pipe mills in Hartlepool, U.K., to Liberty House, the company said Aug. 1.
The deal included the 42-inch and 84-inch pipe mills, also known as Submerged Arc, where about 140 employees manufacture pipeline for gas and oil projects around the world.
Tata Steel will retain its 20-inch tube mill, which employs some 270 workers. The company plans to invest £1 million in the facility to increase its capability to make high-strength steel tubes.
With the sale, the company completed its portfolio restructuring to focus on the strip products supply chain linked to Port Talbot, Tata Steel UK CEO Bimlendra Jha said.
Tata Steel will continue to be the largest steelmaker in the U.K. despite the transaction, with about 8,500 people employed at its operations in the country.