Bekaert and Almasa to merge steel wire activities in Colombia

Bekaert and Almasa have agreed to merge Proalco SAS (Bekaert subsidiary) with Almasa's steel wire activities in Colombia, creating a 50/50 joint venture expected to close before year-end 2020, adding approximately €20 million in annual revenue.

“Bekaert and Almasa have reached an agreement on the merger of Proalco SAS (subsidiary of Bekaert) with the steel wire activities of Almasa SA, both located in Colombia.”bekaert.com

• 1 source
• bekaert.comBekaert and Almasa seek to merge steel wire activities in Colombia - Bekaert.comSep 28, 2020

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