Belgian wire specialist Bekaert has finalized the sale of its steel wire solutions businesses in Costa Rica, Ecuador, and Venezuela to Grupo AG, the company announced in a press release. The transaction, originally agreed upon in February 2025, closed on 30 June after receiving all required regulatory approvals.
Valued at a consolidated enterprise value of USD 73 mln, the sale aligns with Bekaert’s ongoing strategy to reshape its portfolio, reducing exposure to commoditized and volatile markets while expanding into higher-growth, higher-margin regions.
Proceeds from the deal will reinforce Bekaert’s balance sheet and support both shareholder returns and future growth investments. Following the sale, Latin America will account for approximately 4pct of the group’s consolidated sales.
Bekaert specializes in processing and coating steel wire for various industries, including automotive, construction, and energy.
