Grupo Simec, S.A.B. de C.V. (NYSE:SIM) announced on November 10, 2026, that it has reached an agreement to acquire 100% of the share capital of Acerbrag S.A., a steel company in Argentina, from Votorantim S.A. using its own funds.

Key Highlights

  • Full acquisition: Grupo Simec agreed to acquire 100% of the share capital of Acerbrag S.A.
  • Seller: The shares are currently owned by Votorantim S.A.
  • Location: Acerbrag S.A. is located in Bragado, in the province of Buenos Aires, Argentina.
  • Funded internally: According to the filing, the acquisition will be made using Grupo Simec's own funds.
  • Acerbrag's history: Acerbrag has more than 60 years of experience in the production of long steel products.
  • Closing conditions: The transaction is subject to customary closing conditions, including applicable regulatory approvals.

Simec's Agreement to Acquire Argentine Steelmaker Acerbrag

According to the announcement, Grupo Simec, S.A.B. de C.V. (NYSE:SIM), headquartered in Guadalajara, Mexico, has entered into an agreement to purchase the entirety of Acerbrag S.A. from Votorantim S.A. The company disclosed that the acquisition will be financed with its own funds, with no external financing referenced in the filing. Acerbrag operates in Bragado, in the province of Buenos Aires, Argentina, and the filing describes it as having modern industrial facilities that include steelmaking and rolling operations.

The filing states that Acerbrag has more than 60 years of experience producing long steel products, and that its products primarily serve the industrial, construction, and agribusiness sectors. Grupo Simec described the transaction as "a strategic step in Grupo Simec's growth and international expansion plans, enabling it to strengthen its presence in South America." The company said the addition of Acerbrag is expected to strengthen its geographic presence, increase its production capacity, and generate operational and commercial synergies.

The company also stated it "will continue to focus on operational efficiency, financial discipline and the development of its businesses, seeking to strengthen its competitiveness in the markets in which it operates." The transaction remains subject to the satisfaction of customary closing conditions, including applicable regulatory approvals, as disclosed in the filing. No purchase price or financial terms were disclosed in the announcement.

What Was Disclosed

Grupo Simec announced an agreement to acquire 100% of Acerbrag S.A. from Votorantim S.A. using its own funds. The deal is subject to regulatory approvals and customary closing conditions. No purchase price was disclosed in the filing.