The merger was approved in principle by ArcelorMittal Hunedoara’s shareholders Friday, the company said in a statement.
Mecanica Sider’s main business activity consists in manufacturing machines for the metallurgical industry. It will be absorbed by ArcelorMittal Hunedoara.
Luxembourg-headquartered ArcelorMittal owns four steel plants in Romania, in Galati, Iasi, Hunedoara and Roman, as well as harbor operator Romportmet Galati and the local unit of construction company ArcelorMittal Construction.