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$260 միլիոնավոր! Roca Group Sells 3 Ceramic Factories In One Fell Swoop

$260 Million! Roca Group Sells 3 Ceramic Factories In One Fell Swoop - Blog - 1

Roca Group Sells 3 Ceramic Factories In One Fell Swoop

On 3 օգոստոս, որ Roca Group announced the sale of its ceramic tile business to the Mexican company Grupo Lamosa for US$260 million (approximately €219 million), Ըստ արտասահմանյան լրատվամիջոցների հաղորդագրությունների. The transaction is subject to the approval of Grupo Lamosa’s shareholdersmeeting scheduled for August, so it is still a few weeks away from being realized.

The transaction is said to involve the transfer of two factories in Brazil, Campo Largo and São Mateus do Sul, as well as the Spanish subsidiary Cerámicas Belcaire in Castellón, which will produce an additional 23.4 million square meters of tiles in 2020. It exports its products all over the world, particularly to the United States, Բրազիլիա, and Spain.

$260 Million! Roca Group Sells 3 Ceramic Factories In One Fell Swoop - Blog - 2

Roca’s factory in Gavà

The three Roca tile factories employ a total of 1,628 ժողովուրդ. They will become employees of Grupo Lamosa in the coming months. According to Roca sources, 79% of the employees of Roca’s tile business work in the factories in Brazil, with the rest in Spain (230 ժողովուրդ) and the United States (116 people work for the trading subsidiary).

The Roca Group emphasizes that the sale of the tiles business is part of a strategy to strengthen its position in the bathroom space sector, in line with the operational strategy implemented by the company this year. հունվարին 2021, the Roca Group acquired a 75% stake in the Brazilian bathroom company Royo Group. In June 2021, the Roca Group also acquired the German company SANIT, the fifth largest manufacturer of water tanks in Europe.

$260 Million! Roca Group Sells 3 Ceramic Factories In One Fell Swoop - Blog - 3

Regarding the recent sale, Albert Magrans, CEO of Roca, congratulated the process on 3 օգոստոս, while Federico Toussaint, CEO of the Mexican group, highlighted how the acquisition would strengthen its presence in the US market and expand its presence in Europe.

Both companies are 100-year-old family businesses with a turnover of around US$1 billion, Ըստ զեկույցի. Roca Group ends 2020 with revenues of €1,684 million, ներքեվ 9.5% դեպի 2019. It had a net profit of 60 միլիոն, ներքեվ 12% նախորդ տարվանից. The company explained that the decline was due to the global economic slowdown caused by the epidemic. Grupo Lamosa had a turnover of US$1.063 billion (€900 million). The statement said that the acquisition of Roca would increase its turnover by around 20%.

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