# Vallourec and Açotubo Group form joint venture Vallourec Tubos para Indústria

Vallourec and the Açotubo Group have launched a joint venture, Vallourec Tubos para Indústria (VTI), to supply cold drawn steel tubes and tubular solutions for the industrial sector. Vallourec holds 75% and Açotubo 25% of the shares.

- Type: Acquisition
- Announced: 2021-10-06
- Where: Minas Gerais, Brazil
- Status: announced
- Products: cold drawn steel tubes, tubular solutions
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Vallourec](https://endata.com/companies/335.md) (acquirer)
- [Açotubo Group](https://endata.com/companies/58204.md) (target)

## Sources

- [brazil.vallourec.com](https://brazil.vallourec.com/en/news/vallourec-announces-the-creation-of-vallourec-tubos-para-industria-a-joint-venture-with-the-acotubo-group/), 2021-10-06: "The shareholding division will be 75% of Vallourec and 25% of Açotubo in shareholdings, and the management will be carried out entirely by Vallourec."

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