Mexico's Grupo Simec has agreed to buy all of Argentine long-steel producer Acerbrag from Votorantim, the Guadalajara-based steelmaker announced on Tuesday, 10 November.

Simec will use its own funds to acquire 100% of the share capital of Acerbrag, a steel company based in Bragado, in the province of Buenos Aires. The companies did not disclose a purchase price, and the deal still has to clear customary closing conditions, including regulatory approvals, before it can be completed.

What Acerbrag brings to Simec

Acerbrag has more than 60 years of experience producing long steel products, with modern industrial facilities including steelmaking and rolling operations. Its products mainly serve the industrial, construction and agribusiness sectors, and the company has an established track record in the Argentine market.

Votorantim's 2025 annual report classified Acerbrag as its long-steel business, with two operations and a headcount of 671, Securities.io reported.

A bigger South American footprint

Simec said the deal was a strategic step in its growth and international expansion plans, strengthening its presence in South America, increasing its production capacity and creating operational and commercial synergies.

The Mexican group, listed on the New York Stock Exchange, is headquartered in Guadalajara and already operates in Mexico, the United States, Canada and Brazil. It said it would continue to focus on operational efficiency and financial discipline as it builds its business, according to its announcement.