Grupo Lamosa, S.A.B. de C.V. (BMV:LAMOSA *) acquired The flat ceramics division of the Roca Sanitario, S.A.
August 01, 2021
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Grupo Lamosa, S.A.B. de C.V. (BMV:LAMOSA *) acquired The flat ceramics division of the Roca Sanitario, S.A. on August 2, 2021. The transaction amounts to approximately $260 million, in terms of net debt free enterprise value, and is subject to usual adjustments in this type of deals. Given Grupo Lamosa's favorable leverage conditions, the company contemplates funding the transaction with debt. The transaction is subject to all applicable corporate, approval by Grupo Lamosa’s general meeting of shareholders, scheduled for August and legal approvals that are customary for this type of transaction.
Grupo Lamosa, S.A.B. de C.V. (BMV:LAMOSA *) completed the acquisition of The flat ceramics division of the Roca Sanitario, S.A. on August 2, 2021. Ali Abazari, Richard G. Garza, Ronald D. Kerridge, William J. McDonough, Robert L. Soza, Peter K. Wahl and Carlos Treviño of Jackson Walker LLP acted as a legal adviser to Grupo Lamosa. Marta Martínez-Almeida de Navasqüés, Claudia Gálvez Correa, Clara Juanola Saleta, Diego Rizo Trabucchelli, Ignacio del Fraile López, Clara González-Páramo Echevarría, Natalia Callejo Pla, Miguel Troncoso Ferrer, Iñigo Igartua Arregui, Carla Fandiño Seijas, Remedios García Gómez de Zamora, Elisa Gómez-Bernardo Martínez, Isabel Bandín, Isabela Crespo Vitorique, Irene Fernández Puyol, Santiago Gómez-Acebo Carvajal, Carolina Serrano Alonso, Constantino Pérez Salgado and Pablo Fernández Cortijo of Gómez-Acebo & Pombo Abogados, S.L.P. acted as a legal adviser to Grupo Lamosa. Scotiabank acted as financial advisor to Grupo Lamosa in the transaction.
Grupo Lamosa SAB de CV is a Mexico-based company engaged, through its subsidiaries, in the construction and real estate sectors. The Companyâs activities are structured into four business areas, namely Tiles and Flooring, Adhesives and Waterproofing, Sanitary Ware and Real Estate Development. The Tiles and Flooring area offers such brand names, as Porcelanite, Lamosa, Italica and Firenze Tecnoarte. The Adhesives and Waterproofing area operates through the Companies Crest, Perdura, Niasa and Solutek. The Sanitary Ware area operates through the Sanitarios Lamosa company. The Companyâs real estate operations include the acquisition, development and promotion of residential and non-residential properties. It operates through Ceramica San Lorenzo.
GRUPO LAMOSA, S.A.B. DE C.V. 
