# Grupo Simec acquires steel plants in Cariacica and Itauna, Brazil

Grupo Simec has entered a contract with ArcelorMittal Brasil to acquire the steel products plants of Cariacica and Itauna in Brazil, plus steel wire drawn equipment. The Cariacica plant has capacity of 600,000 mt/year of liquid steel and 450,000 mt/year of rolled products; the Itauna plant has 120,000 mt/year of rolled products.

- Type: Acquisition
- Announced: 2018-05-03
- Where: Cariacica, Espirito Santo; Itauna, Minas Gerais, Brazil
- Status: announced
- Capacity: Cariacica: 600,000 mt/year liquid steel, 450,000 mt/year rolled products; Itauna: 120,000 mt/year rolled products
- Products: light structural rods, profiles, steel wire, wire rod
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal Brasil S.A.](https://endata.com/companies/22418.md) (target)
- [Grupo Simec](https://endata.com/companies/31680.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/grupo-simec-announces-the-acquisitions-of-the-steel-products-plants-of-cariacica-and-itauna-both-in-brazil-300642088.html), 2018-05-03: "Grupo Simec, S.A.B de C.V., (Simec) reports that it has entered to a contract with Arcelor Mittal Brasil, S.A. for the acquisitions of the steel products plants of Cariacica and Itauna, both in Brazil and for steel wire drawn equipment for the production of wires and derivatives."

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