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- Article from:
- AP Worldstream
- Article date:
- December 11, 2007
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ArcelorMittal still on buying spree, acquires Argentine steel distributor
Eds: UPDATES with detail graf 6-7, CORRECTS punctuation in graf 3
BRUSSELS, Belgium (AP) _ Steelmaker ArcelorMittal added another purchase to its South American buying spree on Tuesday, acquiring Argentina's largest steel distributor M.T. Majdalani y Cia. SA.
It did not say how much it paid for the family-owned company, which sells flat stainless steel products and had a turnover of US$46 million (euro31.25 million) last year.
ArcelorMittal, towering over rivals with its control of 10 percent of world steel output, said Majdalani was highly focused toward its end users and ...