Smart shopper: Brazilian steel giant Gerdau, a family business at heart, is growing fast abroad.
Latin Trade › Vol. 13 Nbr. 7, July 2005
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Smart shopper: Brazilian steel giant Gerdau, a family business at heart, is growing fast abroad.
In Brazil, where companies have in recent years been gobbled up by foreign multinationals, steel company Gerdau is the exceedingly rare domestic group that has itself become a multinational by taking over foreign firms. And its appetite for acquisitions has extended across the Americas.
Gerdau's 26 mills make so-called "long" products--concrete-reinforcing bars (known as rebar), girders and wire rod for civil construction. It has become a global giant mainly through foreign acquisitions, beginning with the 1980 purchase of Uruguayan steel maker Laisa. I...See the full content of this document
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