Brazilian steel distributor Grupo Açotubo has expanded to Peru and Colombia, according to a media report from America Economia.
The Brazilian company has teamed up with Systemas de Perfuracion y Geotecnia (SPG) to operate in Peru and Colombia. Açotubo will operate in those two countries through its industrial division, Incotep, to provide auto injectables, fillers, rods and augers to the local markets.
Acotubo said it also expects to expand its other steel business units, such as steel and pipe, to Latin America as well.