Panatlântica S.A. announced that it has received BRL 3.16 million in funding

Panatlantica SA is a Brazil-based company engaged in the steel industry. The Company is involved in the production, trade, import, export and processing of steel and other metals. The Company's products include cold-rolled strips, strapping bands, sheets and coils, blanks, slit strips and profiles, among others. Additionally, the Company provides steel cutting services through two different processes: slitting, which cuts the steel with rotating shears to form coils, and cut-to-length, which cuts it in flat sheets. The Company operates through an industrial plant located in Glorinha, in the Brazilian state of Rio Grande do Sul. As of Decmeber 31, 2011, the Company had two subsidiaries: Panatlantica Catarinense SA and Tubospan SA. On August 26, 2013, the Company signed a contract for the acquisition of Atkore International Industria e Comercio de Aco e Materiais Electricos Ltda.