Friday, August 3, 2007

Ternium says will merge Mexico's Hylsamex and IMSA

(Reuters) - "The coming week I will announce the new organizational
structure of both companies working together as a sole entity from
the managerial standpoint in order to be able to get all the
synergies and all the value creation that we expect to get,"
Novegil said.




In 2005, Ternium bought Mexico's No. 2 steelmaker Hylsamex, or
Hylsa as it is now called on the company Web site. In late July,
Ternium completed its purchase of IMSA, another leading
steelmaker, in an operation valued at some $3.2 billion.


Read more at Reuters.com Mergers News

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