Brazilian steel distributor Aços F. Sacchelli Ltd. the company announced the signing of an agreement to acquire 100% of the shares of Swiss Steel do Brasil Industria and Comércio de Aços Ltda. (Swiss Steel Brazil), a subsidiary of Swiss steel manufacturer Swiss Steel Group.
Completion of the transaction and takeover by Asos F. The Saccelli operations of Swiss Steel in Brazil are subject to the fulfillment of certain preconditions specified in the acquisition agreement. The financial terms of the deal were not disclosed. Swiss Steel is reportedly selling its subsidiary due to weak demand in Brazilian рынке.
Acquisition in order to combine complementary distribution activities стали
Aços F. Sacchelli, which describes itself as Brazil's largest distributor of steel for the mechanical engineering industry with many years of experience, said that the acquisition will combine its activities in the field of mechanical engineering and the production of structural steels with Swiss Steel Brazil's activities in the field of tool steels and special alloys. Swiss Steel in Brazil is the country's largest distributor of tool steels.
According to Asos F. Sacchelli, the deal is expected to expand its technical capabilities, product range and logistics operations in the Latin American market. Wagner Sacchelli, Executive Director of Aços F. Sacchelli, said that after meeting the prerequisites, the merger of the two companies will allow Aços F. Sacchelli to offer a wider range of steel products in the Brazilian market.
There are no comments yet.