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...Steel manufacturer Gerdau has its North American headquarters in Hillsborough County....
...Next in line were the Instituto Gerdau, related to the steel group of the same name, and the corporate philanthropy arm of Petrobras, the state-controlled oil company....
...Then, in April, it added the steel business of Quanex Corporation, the second largest producer of speciality steel in the US, for $1.5bn....
...Gerdau Ameristeel said on Tuesday it has agreed to acquire Texan steel-beam maker Chaparral Steel for $4.22bn in cash, in a move to diversify its product offering into high value added steel products, reports...
...That makes planning acquisitions funded through jumbo bridging loans, such as Gerdau Ameristeel’s purchase, much harder to contemplate now....
...In other deal news, Gerdau Ameristeel said it was buying Chaparral Steel for $4.22bn. Chaparral rose 10.6 per cent to $83.73....
...In deal news, Gerdau Ameristeel said it was buying Chaparral Steel for $4.22bn. Shares in Chaparral rose 10.6 per cent to $83.67....
...After half a century of experience at the heart of Brazilian industry, Jorge Gerdau, the 67-year old president of the Gerdau steel company, is more confident than ever....
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