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Article: ArcelorMittal Acquires M.T. Majdalani Y Cia. S.A., Consolidates Its Position in the South American Stainless Steel Distribution Market.
- Article from:
- Business Wire
- Article date:
- December 11, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LUXEMBOURG -- Regulatory News:
ArcelorMittal, the world's largest steel company, has announced its acquisition of M.T. Majdalani Y Cia. S.A., the leading stainless steel service center and distributor in Argentina. The transaction is being reviewed by the competition authorities.
M.T. Majdalani Y Cia. S.A., founded in 1941 and until now entirely owned by the Majdalani family, employs 75 people in one site located in Buenos Aires. It sold about 12.000 tonnes in 2006 with a turnover of 46 million USD. It specializes in flat stainless steel products with cut to length and slitting facility. Its sales of sheets and tubes create a highly complementary product ...