Latin America News August 2017

LATINAMERICANEWS / Issue 2 2017 5 NEWS , “This acquisition fits with our planned growth strategy by expanding Nucor’s position as the market leader in cold finished bar products. It also creates synergies with our bar mills by providing an additional channel to market for the special bar quality (SBQ) products we produce,” said John Ferriola, Chairman, CEO and President, Nucor Corporation. “The acquisition of St. Louis Cold Drawn complements our long-term strategy to profitably grow our value-added product portfolio.” St. Louis Cold Drawn, Inc. employs 125 people and has two manufacturing locations, one in St. Louis, Missouri and the other in Monterrey, Mexico, that have a combined annual capacity of 200,000 tons. The addition of these facilities will increase the total capacity of Nucor’s cold finished bar and wire facilities to more than 1.1 million tons annually and helps advance our goal of growing our sales to automotive customers. strengthen our commitment to our local communities throughout the country by creating employment opportunities. There’s no doubt this is a union of two companies committed to hard work and success.” Founded in 1980, the GINgroup provides a myriad of businesses with comprehensive, state-of-the- art human capital management solutions withmore than 50 offices located throughout Mexico. The group’s restaurant division is comprised of 58 restaurants including franchise concepts such as Carl’s Jr., Texas Ribs and Rustic Kitchen. Following the first opening in 2018, GINgroup plans to open 16 additional Melting Pots throughout Mexico, from coast to coast, including restaurants in Mexico City, Monterrey, Querétaro, Puebla, Guadalajara, Cancun and Metepec. “We’re thrilled about this agreement and the tremendous growth GINgroup has committed to over the next seven years,” said Dan Stone, chief business & people development officer at Front Burner, the management company of The Melting Pot. “The Melting Pot is already a proven concept that enjoys a strong reputation in Mexico, as demonstrated by the tremendous guest loyalty and positive social media commentary about the three existing locations in Interlomas, Satélite and Pedregal. Teaming up with GINgroup, an established franchise partner that not only has the experience and infrastructure, but also shares our corporate values and principles, will help us to further grow and accelerate the development of The Melting Pot brand throughout the country.” Nucor to Acquire Cold Finish Facilities in Missouri and Mexico TheMelting Pot ® Restaurants, Inc., the world’s premier fondue restaurant and a leading polished casual dining franchise, announced the signing of its largest development agreement in the brand’s 42- year history – a 17-unit deal to expand the brand’s presence inMexico. Nucor Corporation on August 10th announced that it has agreed to acquire St. Louis Cold Drawn, Inc., amanufacturer of cold drawn rounds, hexagons, squares and special sections that mainly serve the U.S. and Mexican automotive and industrial markets. A nod to its name, The Melting Pot is known worldwide for providing a blend of traditional and modern fondue – incorporating both global and local flavours. While each restaurant will be like U.S. locations and offer the brand’s core base menu items, The Melting Pot’s New Mexico locations will feature recipes infused with local flavours and ingredients, such as Manchego cheese from Queretaro and chocolate from Puebla. The Melting Pot operates more than 120 restaurants across 35 U.S. states, Canada, Mexico, Saudi Arabia and the United Arab Emirates. The concept is known for offering an assortment of flavourful fondue cooking styles and a variety of unique entrées served with signature dipping sauces. The menu features a variety of à la carte selections, highlighting customisable options that invite guests to enjoy one, two, three or more courses as they select any combination of individually-priced cheese fondues, salads, entrées and chocolate fondues. To learn more about franchise opportunities with The Melting Pot, please visit . For more information, visit