Gerdau Group Acquiring Mexican Steel Mill

The Gerdau Group has announced a plan to purchase Feld Group, the holding company for the Siderurgica Tultitlan rebar producing plant located in Mexico. The acquisition will total $259 million.

The Siderúrgica Tultitlán plant has an annual installed capacity of 350,000 metric tons of steel and 330,000 metric tons of rolled products. Its production is mainly directed to the domestic market. With the mill’s expansion plan underway, which should be finished by the end of the current year, its production capacity will reach 500,000 metric tons of steel and 430,000 metric tons of rolled products.