UndisclosedStrategic acquisitionMaterials & Chemicals
Grupo Simec buys Argentine steelmaker Acerbrag from Votorantim
Mexico's Grupo Simec (NYSE: SIM) has agreed to acquire 100% of Acerbrag, a long-steel producer in Bragado, Buenos Aires province, from Brazil's Votorantim, using its own funds. Terms were not disclosed and the deal is subject to regulatory approvals.
Why it matters: The purchase strengthens Simec's presence in South America and adds production capacity serving construction, industrial and agribusiness customers.
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