Aceros Arequipa acquires Comfer for $16.8 million

Tuesday, 02 March 2021 19:23:09 (GMT+3)   |   Sao Paulo

Aceros Arequipa, one of Peru’s biggest steelmakers, said it has acquired 96 percent of Comfer SA for $16.8 million.

Comfer SA is a Peruvian steelmaking and steel service center company, producing steel nails, wires, rebar and electro-welded steel meshes. The company has a facility in the Callao region near Lima, and another office in Lima.

Aceros Arequipa saw its net profit in Q4 2020 increase 32.3 percent, year-over-year, to PEN 100.2 million ($27.3 million), the company said recently. EBITDA in Q4 2020 grew 70 percent, year-over-year, to PEN 172 million ($46.9 million).

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