# 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.

- Type: Acquisition
- Announced: 2020-09-28
- Where: Colombia (center and Atlantic coast), Colombia
- Value: $23.4M (20.0M EUR)
- Status: announced
- Products: steel wire, upholstery steel wire
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Bekaert](https://endata.com/companies/15869.md) (partner)
- [Almasa SA](https://endata.com/companies/50184.md) (partner)
- [Proalco SAS](https://endata.com/companies/50185.md) (target)

## Sources

- [bekaert.com](https://www.bekaert.com/en/about-us/news-room/news/2020/bekaert-and-almasa-seek-to-merge-steel-wire-activities-in-colombia), 2020-09-28: "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."

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