Gerdau Completes Acquisition of Silat in Ceará
Brazilian steelmaker Gerdau SA announced that its subsidiary Gerdau Aços Longos has finalized the purchase of long steel producer Siderúrgica Latino Americana (Silat). Brazil’s Administrative Council for Economic Defense (Cade) approved the transaction, allowing Gerdau to move forward confidently.
The company bought 96.35% of Silat for about $111 million. This deal reinforces Gerdau’s long-term strategy to grow its presence in the steel value chain through new investments and acquisitions.
Expanding Operations in Northeast Brazil
With the acquisition complete, Gerdau strengthens its footprint in Brazil’s Northeast — a region with strong infrastructure and construction growth. The company already runs an industrial unit in Maracanaú, Ceará, which will help create new operational synergies and improve logistics.
Gerdau Silat Acquisition Boosts Steel Capacity
Silat has operated in Ceará since 2012, focusing on the civil construction sector. The company employs 233 people, including both direct and contract workers. Its rolling mills produce up to 600,000 tons of steel every year, and an expanded facility adds another 100,000 tons of capacity.
In addition, Silat produces rebar, welded mesh, steel mesh, and trusses — key materials for Brazil’s construction market.
Driving Innovation and Sustainable Growth
According to Marcos Faraco, vice president of Gerdau Aços Brasil, Argentina, and Uruguay, the project represents a major step forward. “This acquisition has strong potential for Gerdau,” he said. It also reinforces the company’s culture of innovation and commitment to sustainable growth across South America.
