04
Jul
14:43
Gerdau becomes shareholder in US-based Plant Prefab
Brazil’s Gerdau says it has acquired a 15% shareholding in US housing producer Plant Prefab. The operation is considered strategic by CSN to expand its portfolio diversification of steel supplies to customers, Kallanish notes.
“Through this investment we will increase our presence in modular construction,” CSN explains.
The deal was executed by the company’s subsidiary Gerdau Ventures. The investment is valued at $19.35 million.
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Very good overview of the weekly steel market.
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