The CAP strengthens its presence in Peru and buys a US $ 40 million company

Cintac, a subsidiary of the Chilean steel group CAP, continues to deepen its growth strategy in Peru

Its last action was to agree on the purchase of 70% of the Peruvian company Calaminon for 40 million US dollars.

Fernando Reitich, Chairman of the Board of Directors of the CAP and Cintac Group, said: "This new investment is part of the company's strategic plan, which includes the following key areas: Identification of sustainable enterprises and in which the group has a decisive competitive advantage "

He added that" with Peru we have a relationship of more than 20 years and we want to continue to strengthen the link, expanding our offer of solutions and services that contribute to the development of the country. "

The operation Thanks to the investment matrix of Cintac in Peru, Steel Building- was approved by the company. unanimity of the council on June 27 and will strengthen the position of mpañia in Peru, where it is present through Tupemesa.

Calaminon – With more than 50 years in Perú is the main producer of covers, coatings and modular building systems of the neighboring country.