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Worthington agrees to sell Acerex stake to Ternium for $44.6 million.

Publication: American Metal Market
Publication Date: 10-APR-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Worthington agrees to sell Acerex stake to Ternium for $44.6 million.(Hylsamex S.A. de C.V. subsidiary Acerex SA de CV to acquire)(Brief article)

Article Excerpt
CHICAGO -- Worthington Industries Inc., Columbus, Ohio, has agreed to sell its 50-percent stake in a Mexican steel processing plant to joint-venture partner Ternium SA, Luxembourg, for $44.6 million.

Acerex SA de CV in Monterrey, Mexico, will become a 100-percent-owned subsidiary of steelmaker Hylsamex SA de CV when the...

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