Grupo Simec Agreement to Acquire Acerbrag Could Not Be Verified
Key Facts
The agreement for Grupo Simec to acquire Acerbrag could not be verified, as the company statement published via PR Newswire could not be opened and no reliable independent confirmation of the report was found. Accordingly, there is no confirmed information on whether an agreement was signed, the stake offered or how it would be financed. The closing price of Grupo Simec shares cited in the draft could not be verified either. Votorantim lists Acerbrag in its portfolio as a producer of long steel products in Argentina and says it is wholly owned, according to its portfolio page. This information alone does not establish that a new deal has taken place or that ownership has changed.
Grupo Simec’s results published on October 28, 2026, provide context on the company’s performance before the reported news: net sales rose 10% in the first nine months of the year compared with the same period in 2025. The company attributed the increase to 14% growth in shipments of finished steel products, despite a 4% decline in the average selling price. In its disclosure, the company said sales increased “because of the combination of a 14% increase in shipments of finished steel products and a 4% decrease in the average selling price.” The figures show that sales growth during that period was tied to higher shipment volumes, while the lower average price weighed on sales value per unit. They cover a period ending before the news in the draft and do not represent an effect from a deal that could not be verified.
Grupo Simec reported net sales of 24,569 million pesos in the first nine months of 2026, compared with 22,320 million pesos in the same period of 2025, according to its disclosure to the U.S. Securities and Exchange Commission. This change provides the comparison basis for the 10% sales growth announced by the company. Over the same period, shipments of finished steel products totaled 1,597,000 tons, compared with 1,400,000 tons a year earlier. The increase in shipments is consistent with the company’s explanation for revenue growth, while the average selling price fell. These indicators describe Simec’s prior operating performance and are not evidence of an expected expansion in Argentina.
Acerbrag reported net revenue of 265 million dollars in 2025 and adjusted earnings before interest, taxes, depreciation and amortization of 42 million dollars, according to Votorantim’s annual report. The two figures fell 25% and 54%, respectively, from the previous year. The report linked weak demand for long steel products to a slowdown in Argentina’s construction sector during 2025. The company said it focused on operational efficiency, cost reductions and strengthening its international sales channels. These figures put Acerbrag’s performance in context, but do not reveal a potential valuation of the company or the terms of a sale.
Votorantim’s report said Acerbrag completed projects in 2025 as part of a multiyear investment plan, including upgrades to operations and infrastructure and improvements to quality and productivity. It also commissioned a new wastewater treatment plant. The company produces steel products for the construction, agriculture and industrial sectors, including bars, welded mesh, wire and wire rod, as well as custom steel cutting and bending services. Its industrial facility is in Bragado, Buenos Aires province, on National Route 5 at kilometer 210, according to its official website.
On energy, Votorantim’s report said Acerbrag increased the share of renewable energy it used to 70% in 2025 by expanding wind power supply agreements. The company set a target of raising the share to 90% within three years of the report. This is a stated target under its operational strategy, not a deadline for completing an acquisition. The available information does not confirm the underlying report or provide details of any subsequent steps related to it.