Luxembourg based Ternium to acquire CSA Siderúrgica do Atlântico (CSA) from Thyssenkrupp for $1.59Bn.
The transaction is set to complete in second half of 2017 after antitrust clearance in several jurisdictions, including Brazil, Germany and the U.S.
The Companhia Siderúrgica do Atlântico (CSA), it is one of the largest steel companies of Brazil and Latin America. The plant went into operation in June 2010.
ThyssenKrupp is a German multinational conglomerate, based in Duisburg and Essen and divided into 670 subsidiaries worldwide. It is one of the world’s largest steel producers. The company is the result of the 1999 merger of Thyssen and Krupp, and now has its operational headquarters in Essen.
In addition to steel production, ThyssenKrupp’s products range from machines and industrial services to high-speed trains and shipbuilding. The subsidiary ThyssenKrupp Marine Systems manufactures frigates, corvettes and submarines for German and foreign navies.
Ternium is a manufacturer of flat and long steel products with production centers in Argentina, Mexico, Guatemala, Colombia and the United States. It has significant presence in Latin America with highly integrated processes to manufacture steel and value-added products.
Ternium was formed in 2005 by the consolidation of three companies: Siderar (Argentina), Sidor (Venezuela) and Hylsa (Mexico). Siderar was established by Argentine-based industrial conglomerate.