Grupo Rotoplas, S.A.B. de C.V. (BMV:AGUA *) completed the acquisition of 80% stake in Soluciones Y Tratamiento Ecologico, S.A. De C.V.
August 31, 2016 at 05:00 am
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Grupo Rotoplas, S.A.B. de C.V. (BMV:AGUA *) signed an agreement to acquire 80% stake in Soluciones Y Tratamiento Ecologico, S.A. De C.V. on January 12, 2016. The transaction will be fully financed through Grupo Rotoplas' internal resources. The transaction is subject to the approval of the appropriate authorities including Comisión Federal de Competencia Económica and by the relevant regulatory authorities. The transaction was approved by the Board of Directors of Rotoplas on July 19, 2016.
Grupo Rotoplas, S.A.B. de C.V. (BMV:AGUA *) completed the acquisition of 80% stake in Soluciones Y Tratamiento Ecologico, S.A. De C.V. on August 31, 2016. All of the closing conditions related to the acquisition have been completed.
Grupo Rotoplas SAB de CV is a Mexico-based company, which develops and provides water-related solutions. The Company products portfolio is divided into four categories: Storage, Piping and Pressurization, Improvement and Auto-Sustainable. Storage provides water tanks, water wagons, as well as products for industrial and agricultural purposes. Piping and Pressurization offers piping, valves and related accessories, as well as different kind of pumps, among others. Improvement includes a variety of water heaters, purificators and filters, among others. Auto-Sustainable offers, among others, rainwater collection systems. The Companyâs service offering includes installation and maintenance of all its products, purification services for drinkable water, and the design, construction, management and maintenance of water treatment plants for industrial customers. The Company is directly and indirectly active in the Americas through a distribution network and an ecommerce platform.