Grupo Simec, the NYSE- and BMV-listed Mexican steel producer, said on 10 November 2026 that it had agreed to acquire all of Argentine steelmaker Acerbrag S.A. from Votorantim S.A., paying with its own funds.
Why Grupo Simec, S.A.B. de C.V. is buying Acerbrag S.A.
Simec said the acquisition is a strategic step in its international expansion that will strengthen its geographic presence, raise production capacity and generate operational and commercial synergies.
Deal terms and financing
No price was disclosed. Acerbrag runs steelmaking and rolling operations in Bragado and serves the industrial, construction and agribusiness markets; it employs more than 650 people directly, according to Brazilian trade press.
Regulatory approvals and timing
The transaction is subject to customary closing conditions, including the applicable regulatory and competition approvals.
Market context
The sale completes Votorantim's withdrawal from steel, which began in 2017 when it combined its Brazilian long-steel business with ArcelorMittal's.
