Wednesday, August 30, 2017

Duratex enters the segment of ceramic tiles

Duratex, manufacturer of industrial wood panels and flooring, sanitary vitreous Chinaware and metal fittings, announced today (29) buying Ceramic enterprises Urussanga and Massima ceramic coatings, which together comprise the Ceusa, national producer specialized in ceramic tiles. The total investment will be R $280 million acquisition and Duratex, brings no relevant changes in your current capital structure. "With this operation, the company will use the positioning of its brands Duratex Durafloor, Deca and Hydra for joining in ceramic tiles," says Duratex, in fact.
Results-Ceusa Finishes the Ceusa, located in the city of Urussanga (SC), has a production capacity of 480,000 m2/month and has 330 employees. In the fiscal year to 2016, the company recorded net revenues of $162.4 million and adjusted Ebitda of R R $31.5 million. The completion of the transaction is subject to the fulfillment of conditions precedent, including the approval of the acquisition by the Administrative Council of competition Defense (Cade).
Giro News – 29/08/2017 News Item translated automatically
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