Colombians Buy Regional Building Materials Company

Organización Corona has announced the signing of an agreement to acquire the majority of Incesa's shares and the brand American Standard for Central America.

Wednesday, May 8, 2013

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.

"Incesa is a supplier of materials for kitchens and bathrooms in Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica ...", reported Elfinancierocr.com.

"In Corona we are very pleased with this opportunity to expand our activities in the Central American market through Incesa" said Santiago Cardenas, manager of Corona-Colcerámica.



More on this topic

Merger Between Incensa and OC International Holdings Authorized

August 2013

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.

Elfinancierocr.com 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."

Petaquilla Rejects Inmet Offer

October 2012

The Canadian mining company Petaquilla Minerals Ltd has again rejected a takeover offer of $130 million from Inmet Mining Corp.

The offer, 19% higher than Inmet’s offer in September, "still does not match the appropriate value for the Petaquilla shares ", the company said.

Walmex Concludes Purchase of Walmart Central America

February 2010

Walmart México (Walmex) concluded the purchase of Walmart Central America with a $110 million cash payment.

Walmex also issued 603.9 million shares, which were traded to the former owners of Walmart Central America, who now become Walmex shareholders.

“With the merger, holding company Walmart Stores now owns 68.4% of the shares of its Mexican subsidiary and the rest is owned by minority shareholders”, reported Epa.

Harsco Acquires Esco

November 2009

Harsco, a multinational company offering services for industrial companies, bought the regional company Esco.

The acquisition is in line with Harsco's expansion strategy in South America and the Caribbean.

"ESCO will be merged into Harsco Latin America", reports Sergio Morales for elfinancierocr.com. Tomás Dueñas, president and owner of Esco assured that "current infrastructure and staff will be maintained".

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