Grupo Simec to Acquire Acerbrag

Mexican steelmaker Grupo Simec has announced an agreement to acquire Argentine steelmaker Acerbrag from Brazilian conglomerate Votorantim, in a transaction aimed at expanding Simec’s presence in South America and increasing its production capacity.

The acquisition, which remains subject to regulatory approvals and other customary closing conditions, includes Acerbrag’s long-product steel mill in Bragado, in the province of Buenos Aires. The facility operates steelmaking and rolling lines and supplies products to the industrial, construction, and agro-industrial sectors.

The transaction would strengthen Grupo Simec’s manufacturing footprint in Argentina and expand its access to one of South America’s key industrial markets. The acquisition would also add production capabilities in long steel products, complementing Simec’s existing operations in Mexico and other international markets.

Grupo Simec, whose shares trade on the Mexican Stock Exchange under the ticker SIMEC.B, did not disclose the value of the transaction in its statement. The company said the acquisition would be financed with its own funds.

Brazilian media outlets have estimated the value of the transaction at approximately US$350 million, although this amount has not been officially confirmed by Simec.

Acerbrag is one of Argentina’s steel producers and operates an integrated manufacturing facility in Bragado. Its product portfolio serves sectors including construction, manufacturing, agriculture, and other industrial activities, giving the acquisition strategic relevance for Simec as it seeks to expand its regional presence.

For Grupo Simec, the agreement represents another step in its international expansion strategy and could increase its production capacity and geographic diversification in the Americas. The company will now await the completion of the required regulatory processes before the transaction can be finalized.