# ArcelorMittal acquires majority stake in Bekaert's Sumare tire cord plant in Brazil

ArcelorMittal acquired a 55.5% stake in Bekaert's steel tire cord plant in Sumare, Brazil, with Bekaert retaining 44.5%. The deal is subject to anti-trust approval.

- Type: Acquisition
- Announced: 2017-04-26
- Where: Sumare, Brazil
- Status: announced
- Products: steel tire cord, bead wires
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (acquirer)
- [Bekaert](https://endata.com/companies/15869.md) (target)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/arcelormittal-buys-majority-stake-at-bekaerts-sumare-plant-in-brazil-982975.htm), 2017-04-25: "ArcelorMittal has acquired a majority stake at Bekaert’s steel tire cord plant in the city of Sumare"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.