Thyssenkrupp Materials Services is expanding its presence in North America

Thyssenkrupp Materials Services (a division of the Thyssenkrupp Group) has announced the acquisition of a controlling stake in the Mexican company Aceroteca Trading, a flat-rolled carbon steel processing and service center.

As noted, this transaction is an important step in strengthening Thyssenkrupp Materials Services’ integrated presence in North America and supports customers’ growing localization and nearshoring strategies.

Through this acquisition, the Thyssenkrupp division specializing in materials distribution, logistics, and service solutions has gained a modern, scalable processing platform in one of Mexico’s manufacturing hubs. The service center in Santa Catarina improves proximity to customers, enables localized processing, shortens order lead times, and optimizes supply chain solutions.

Initial agreements focus on flat steel products, but the acquired infrastructure provides opportunities for future expansion into additional product categories.

Hector Morales, founder and CEO of Aceroteca Trading, will continue to lead the business and retain a minority stake.

Aceroteca currently serves industries such as heating and cooling, as well as power transmission.

It should be noted that negotiations regarding the sale of Thyssenkrupp’s steel division to India’s Jindal Steel International are not progressing, but the long-awaited deal is not expected to be delayed for months. This was stated by Jürgen Kerner, deputy chairman of the German company’s supervisory board.

In mid-March 2026, Bloomberg, citing sources, reported that Thyssenkrupp officials were increasingly doubtful about the possibility of concluding a deal with Jindal. Negotiations had reached an impasse on several key issues, including financing support for Thyssenkrupp Steel Europe during the downturn in the European steel market, as well as the amount of funds the German conglomerate must invest in TKSE before transferring control to the new owner.