Santo Domingo.- INICIA announced through a press release the acquisition of all the shares that Gerdau had in Gerdau Metaldom, Gerdau Diaco, Cyrgo and Kbina. This transaction was carried out through the INICIA investment fund dedicated to the construction materials industry. By reaffirming its commitment to society and the national economy, INICIA expressed its short and medium-term aspirations, including investing in a local steel mill to produce steel by transforming scrap.
The statement conveyed gratitude for the corporate relationship maintained with Gerdau for more than 9 years, highlighting the collaborative success that led to the consolidation of Metaldom's position in the Dominican Republic.
The document highlighted achievements in sustainability, such as increasing clean energy consumption, responsible waste management, and acquiring certifications, including the Environmental Product Declaration for rebar.
The statement concluded by outlining the company's growth ambitions in regional markets and its commitment to be recognized as a benchmark in operational efficiency, generation of economic value, and environmental and social responsibility.
About INICIA:
INICIA is a private asset management firm that operates in partnership with specialized asset managers focused on the Northern Region of Latin America (NOLA). Its objective is to generate long-term value for investors, partners and associates.