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RocaGroupCompletedTheDivestmentOfItsSpanishTileBusiness

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Roca Group complevit divestionem Hispanica Tile Business

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In August 31, Lamosa Group (Mexico) completed the acquisition of the tile business of Grupo Roca for approximately US$260 million.

The deal between Grupo Lamosa and Grupo Roca was approved by the shareholdersmeeting and will be financed by a $200 million bank loan for debt. This involves seven banks with an average duration of 4.3 annos et maturitatem datam quinque annorum. The remaining portion of the amount will be financed by the La Mossa Group’s own funds.

Notatu dignum est hanc rem acquisitionem etiam INCEPA comprehendere, USCT and GALA brands of the Roca Group. Secundum INCEPA scriptor website, INCEPA was founded in 1952 by the Swiss brand Laufen in Campo Largo, Paraná. It started with tiles and in 1976 it began to produce bathroom products. In 1999, INCEPA was acquired by the Roca Group and integrated into the Roca Brasil brand.

As previously reported by foreign media, the transaction involved the transfer of two factories of Roca Group located in Campo Largo and São Mateus do Sul, BRACH, as well as the Spanish subsidiary Cerámicas Belcaire, located in Castellón.

Post completionem de acquisitione, Roca Group scriptor negotia tegularum in Hispania exutus est. Secundum Grupo Lamosa, in the last 12 mensus, as of June this year, the Roca Group’s tile business totaled $44 decies. the Roca Group ended 2020 with revenues of 1,684 decies indicem referuntur, in 9.5% ex 2019. Is habebat rete lucrum 60 decies, in 12% ex priore anno.

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