Outokumpu has agreed on selling its branch distribution business in Mexico City, Guadalajara and Monterrey – formerly known as Outokumpu Mexinox Distribution (OMD). The company reached an agreement with Prominox, the largest stainless-steel distributor in Mexico, who will acquire the ongoing business operations and customer base from Outokumpu.
OMD stores and sells stainless steel to the Mexican market. They are under the operation of Outokumpu’s business area Americas. The divestment of the business is due in part to dedicate more resources to the strategic areas of the Americas (Mexico and U.S.) as the warehouses serve largely smaller volumes.
Outokumpu will continue to fulfill customers’ orders that are served by OMD until the transaction with Prominox is finalized, after which orders will be transferred to Prominox.
Courtesy of Outokumpu.