Merger Between Incensa and OC International Holdings Authorized

The Commission to Promote Competition in Costa Rica has approved the purchase of 100% of the shares of the company Incesa by OC International Hondings.

Thursday, August 22, 2013 publishes "The request made by OC International was presented on May 7 and once the required documentation had been submitted they proceeded to analyze the appropriateness of the transaction in the light of the provisions of the Competition Act."

During the investigation a study was conducted of all the actors involved in the market. In this case information was reviewed from companies linked to the ceramic tile trade such as EPA, Indianapolis and Abonos Agro.

"The authorized transaction states that OC International Holding acquires intellectual property rights of the brands American Standard, Aqualyn, Artico, Cadet, Ecoline, Ellisse, Embajador, Habitat, Heritage, Incesa, Incesa Standard, Incesa Standard Mark Of Merit, Jado, Lexington, Ovalyn, Plaza, Porcher, Sorrento and Chroma ".

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The Colombian company, which specializes in the manufacturing and marketing of building materials, expects that the transaction will be formalized in the third quarter of 2013, following the approval of the authorities of each country.