Grupo Rotoplas, SAB de completed the acquisition of a minority stake in Advanced Innovation Center, LLC.
May 03, 2016 at 05:00 am
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Grupo Rotoplas, SAB de CV entered into an agreement to acquire a minority stake in Advanced Innovation Center, LLC for MXN 106 million on March 9, 2016. The transaction will be fully financed through Grupo Rotoplas' internal resources. The agreement is also intended to assume the operational control of Advanced Innovation Center and an option to increase in the future its stake to 51%. The resources will be directed towards AIC's working capital needs and to further development of the Plasma Water Sanitation System. Alfredo Zolezzi will become part of Rotoplas' team.
Grupo Rotoplas, SAB de completed the acquisition of a minority stake in Advanced Innovation Center, LLC on May 3, 2016.
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.