Grupo Simec Announces Possible Acquisition of Aceros DM
02/20/2008 - Grupo Simec reports that it is negotiating the possible acquisition of Corporacion Aceros DM, an EAF-based manufacturer of long steel products headquartered in San Luis Potosi, Mexico.
Grupo Simec reports that it is negotiating the possible acquisition of Corporacion Aceros DM, an EAF-based manufacturer of long steel products, including rod, wire, pipe, and tube.
Located in San Luis Potosi, Mexico, Corporacion Aceros DM is the property of private investors.
Grupo Simac said that it would inform the public if the acquisition is successful.
The acquisition is subject to Mexican anti-trust laws and authorization by the Comision Federal de Competencia in Mexico. The deal must also be approved by the shareholders of Grupo Simec.
Grupo Simec is the principal subsidiary of Industrias CH.
