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Article: Grupo Simec Announces Results of Operations for the First Nine Months of 2008.(Financial report)
- Article from:
- Science Letter
- Article date:
- November 11, 2008
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Grupo Simec, S.A.B. de C.V. (AMEX:SIM) ("Simec") announced its results of operations for the nine-month period ended September 30, 2008 (see also Grupo Simec, S.A.B. de C.V.).
Acquisition of Corporacion Aceros DM, S.A. de C.V.
On February 21, 2008, we entered into an agreement to acquire 100% of the shares of Corporacion Aceros DM, S.A. de C.V. and certain of its affiliates ("Grupo San"), and on May 30, 2008 said acquisition was consummated. Grupo San is a long products steel mini-mill and the second-largest corrugated rebar producer in Mexico. Grupo San's operations are based in San Luis Potosi, Mexico. Its plants and 1,450 employees produce 600 ...