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Durman Esquivel bought another company in Colombia

Costa Rican firm, Durman Esquivel, which is currently a part of the Belgian Aliaxis Group, bought PVC Celta, a pipe factory en Barranquilla. This is in addition to another company they already bought - Tuvinil - that is located in Cartagena.

Friday, August 22, 2008

Mario Gomez, legal representative of Durman Esquivel, said that the deal was sealed on August 11.

The purchase of the Colombian company's assets cost around $12 million and was done via Tuvinil, a Durman Esquivel subsidiary in that South American country.

Source: Nacion.com

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pipes factory Mergers & Acquisitions

Pintuco Acquires Company in Costa Rica for $5 million

October 2011

As part of its expansion plans in the Central American market, the Colombian company Pintuco has acquired the operations of the paint company Vastalux.

A press release by Pintuco states that : "The acquisition will be legally formalized once the range of processes required by Costa Rican law has been completed and all other conditions agreed with Vastalux have been fulfilled."

Colombian Investments in Central America

January 2011

EPM Group bought to Ashmore Energy International electricity distribution company ENSA of Panama and DELSUR of El Salvador for $ 200 million.

The Corporate Group EPM (Empresas Públicas de Medellín) is dedicated to providing public services related to electricity, water, sanitation and telecommunications, through 12 subsidiaries. It is owned by the Municipality of Medellín, governed by Colombian commercial law.

Aliaxis and Durman buy Brazil plant for $45 million.

September 2008

Aliaxis Latinoamérica (Alila), the company formed from the merger of Costa Rican firm Durman Esquivel and the Belgian group Aliaxis, acquired a PVC pipe plant in Brazil for some $45 million.

Mario Gomez, legal representative of Durman Esquivel, said that the group bought the Provinil plant from Brazilian firm Companhia Providência Indústria e Comércio.

"A Sweet, Gold Deal"

June 2008

Del Monte's $403 million acquisition of two Costa Rican fruit production operations could significant add to the company's earnings, according to Wachovia.

Wachovia Capital Markets upgraded the fruit-and-vegetable producer on Tuesday.
"Given the increasing global appetite for productive agricultural assets, including shipping assets, this deal can only be additive," Wachovia analyst Jonathan Feeney, who raised his rating on the company's stock to "outperform" from "market perform," said in a note titled "A Sweet, Gold Deal."