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Brazil’s steel giant CSN acquires Elizabeth Cimentos for US$214 million

RIO DE JANEIRO, BRAZIL - Companhia Siderúrgica Nacional (CSN), the largest steel industry in Brazil and Latin America and one of the largest in the world, announced Wednesday that its subsidiary CSN Cimentos has reached an agreement to acquire Elizabeth Cimentos, from the Farallon Fund, for R$1.08 billion (US$214 million).

According to the company, the purchase expands CSN Cimentos' production capacity with operations in the Northeast by 1.3 million tons per year through modern facilities and "significant reserves of high-quality limestone."

"Relevant operational, logistical, management, and commercial synergies are expected, with room to further develop . . .

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