Gerdau SA (GGB) has released an update.
Gerdau S.A. has announced the acquisition of Dales Recycling Partnership’s assets in a $60 million deal to enhance its North American operations in Tennessee, Kentucky, and Missouri, aiming to boost its ferrous scrap supply and competitive edge. The transaction, which includes land, inventory, and fixed assets, is part of Gerdau’s strategic growth and expansion in profitable markets. The deal’s finalization is contingent upon meeting standard preconditions.
For further insights into GGB stock, check out TipRanks’ Stock Analysis page.
