The management team of Almacenes Metalurgicos acquired Almacenes Metalurgicos S.A. from Tubos Reunidos, S.A. (BME:TRG) for €2.7 million on June 30, 2017. Tubos Reunidos signed a long-term commercial agreement with the management, whereby Tubos Reunidos will remain a preferred distributor of Almacenes Metalurgicos in the national market. The management team of Almacenes Metalurgicos completed the acquisition of Almacenes Metalurgicos S.A. from Tubos Reunidos, S.A. (BME:TRG) on June 30, 2017.