Mergers & Acquisitions ·
Grupo Simec agrees to acquire Acerbrag from Votorantim for international expansion
SIMGRUPO SIMEC, S.A.B. de C.V.
Grupo Simec has reached an agreement with Votorantim, S.A. to acquire 100% of the share capital of Acerbrag, S.A., a steel producer located in Bragado, Argentina. The transaction will be funded using Grupo Simec's own funds and is subject to customary closing conditions, including regulatory approvals. This acquisition supports Grupo Simec’s strategic growth and international expansion plans by strengthening its presence in South America and increasing production capacity through Acerbrag’s modern industrial facilities. Grupo Simec operates in the steel manufacturing industry.