Etex closed the sale of its Latin America ceramics business to Lamosa - 03/10/2016
Following the announcement on 19 July, Etex has now successfully completed the divestment of its Latin American ceramics business to Lamosa.
Lamosa is a Mexican publicly-traded company that manufactures and sells ceramic tiles and adhesives. The company seeks to expand its ceramics activities across the Latin American region, which will bring fresh opportunities to the former Etex ceramics companies and their 2,100 employees.
The Etex Ceramics business was exclusive to Latin America, present only in Argentina, Chile, Colombia and Peru. Selling the business enables the international building materials group to concentrate its management and financial efforts on its core businesses across the globe, with Latin America remaining an important geographical pillar.
Download the press release (pdf 133 kB)
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