Escobedo, Mexico-based Prolamsa, the largest steel tube and pipe producer in Latin America, announced Tuesday that it has acquired the shares of Mexico City-based electric resistance welded (ERW) tubing and value-added products manufacturer Aceros Cuatro Caminos. Aceros mainly produces products for Tier 1 as well as automotive and OEM customers.
The acquisition is anticipated to strengthen Prolamsa's presence in the central region of Mexico and increase its capabilities to serve the automotive industry. For now, the Aceros Cuatro Caminos name will be retained.