The total purchase price for the transaction in question amounts to $35.5 million (€25.4 million).
Venezuela-based Vicson, S.A. is a wire products manufacturer for industrial, construction and agricultural applications and has an annual production capacity of about 100,000 mt.
Bekaert has also announced its indirect acquisition of a majority interest in the joint venture Productora de Alambres Colombianos S.A. - Proalco S.A., in which Vicson, S.A. has a 75 percent share. Combined with the 12.5 percent share that Bekaert holds through its joint venture in Ecuador, Bekaert has now become an 87.5 percent shareholder of Proalco S.A.