The Firm is representing Gerdau S.A. (NYSE: GGB) in connection with its definitive agreement to sell its Beaumont, Texas wire rod mill and two downstream facilities to Optimus Steel. The transaction is subject to regulatory clearances and customary closing conditions.
Gerdau is the leading producer of long steel in the Americas and one of the leading suppliers of special steel in the world. In Brazil, it also produces flat steel and iron ore. It is also the largest recycler in Latin America and, around the world, annually transforms millions of tons of scrap into steel, underlining its commitment to the sustainable development of the regions where it operates.
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