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Grupo Simec to Acquire Acerbrag S.A.

Grupo Simec said the acquisition will allow it to strengthen its geographic presence, increase production capacity and generate operational and commercial synergies. 

Acerbrag has produced long steel products for over 60 years and has modern industrial facilities including steelmaking and rolling operations. It serves the industrial, construction and agribusiness sectors. 

The acquisition is subject to closing conditions and regulatory approvals.