Arcelor Mittal Buys Sicartsa For $1.4 Billion

Arcelor Mittal Buys Sicartsa For $1.4 Billion

Mexico

Luxembourg-based steelmaker Arcelor Mittal has agreed to buy 100% of Sicartsa, a Mexican integrated steel producer, from Grupo Villacero in a deal worth $1.4 billion. Sicartsa has plants in Mexico and Texas. The deal will make Arcelor Mittal the largest steel-producer in Mexico. The two companies will also create a downstream strategic alliance. This is Arcelor Mittal's first acquisition since the creation of the company earlier this year and it expects the acquisition to "generate $80 million o

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial