Ternium completes $74.5 million Ferrasa deal to expand in Central America

Latin American steel company Ternium said it completed its $74.5 million acquisition of a majority interest in Colombian steel company Ferrasa.

 

Ternium will hold a 54 percent ownership interested in the company. Ternium also completed the acquisition of a 54-percent ownership interest in Ferrasa Panama for $500,000. Ferrasa Panama is a long steel products processor and distributor.

 

The company said these acquisitions help expand its business and commercial presence in Colombia and Central America.

 

Original source: Bloomberg