Article: Grupo Simec Announces Preliminary (Unaudited) Results of Operations for the Year Ended December 31, 2008.

GUADALAJARA, Mexico, Feb. 27 /PRNewswire-FirstCall/ -- Grupo Simec, S.A.B. de C.V. ("Simec") announced today its preliminary (unaudited) results of operations for the year ended December 31, 2008.

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 ...

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