Chile’s SalfaCorp To Buy Tecsa

Chilean construction company,SalfaCorp, will purchase rival company,Empresas Tecsa,The Wall Street Journalreports. The financial details of the transaction have not yet been disclosed.

The deal is expected to be completed by the end of April 2011. SalfaCorp is seeking to nearly double its sales to some $2.4 billion by 2013, from $1.1 billion in 2009.

Click here for the story fromThe Wall Street Journal.