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Article: Grupo Simec Announces Results of Operations for the First Three Months of 2009.
- Article from:
- PR Newswire
- Article date:
- April 30, 2009
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GUADALAJARA, Mexico, April 30 /PRNewswire-FirstCall/ -- Grupo Simec, S.A.B. de C.V. ("Simec") announced today its results of operations for the three-month period ended March 31, 2009.
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 completed. 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 ...