GRUPO ROTOPLAS COMPLETES THE ACQUISITION OF A MINORITY STAKE IN SANZFIELD
21 Marzo 2017 - 2:34PM
BMV General Information
GRUPO ROTOPLAS,S.A.B. DE C.V. (BMV: AGUA) ("ROTOPLAS" OR THE
"COMPANY"), THE LEADING PROVIDER OF INDIVIDUAL AND INTEGRATED WATER
SOLUTIONS IN THE AMERICAS, ANNOUNCES THE ACQUISITION OF 52.7% OF
THE SANZFIELD TECHNOLOGIES INC.' OUTSTANDING VOTING SHARES FOR
APPROXIMATELY $44.8 MILLION PESOS.
SANZFIELD IS A CANADIANINNOVATION CENTER SPECIALIZED IN THE
DEVELOPMENT OF WATER TREATMENT AND WATER RECYCLING SYSTEMS,
CREATING TECHNOLOGIES THAT REMOVES UP TO 100% OF ORGANIC MATTER,
VIRUSES AND BACTERIA IN THE WASTEWATER WITHOUT GENERATING
SLUDGE.
CARLOS ROJAS MOTA VELASCO, ROTOPLAS' CHIEF EXECUTIVE OFFICER
COMMENTED, "THE ACQUISITION OF THIS TECHNOLOGY SIGNIFICANTLY
COMPLEMENTS THE GROWTH STRATEGY IN THE WATER TREATMENT AND WATER
RECYCLING BUSINESS".
THIS OPERATION WILL BE ENTIRELY FINANCED WITH GRUPO ROTOPLAS' OWN
RESOURCES. SAFE HARBORTHIS PRESS RELEASE MAY INCLUDE CERTAIN
FORWARD-LOOKING STATEMENTS RELATING TO GRUPO ROTOPLAS S.A.B. DE
C.V., IT RELIES ONCONSIDERATIONS OF THE GRUPO ROTOPLAS S.A.B. DE
C.V. MANAGEMENT WHICH ARE BASED ON CURRENT AND KNOWN INFORMATION;
HOWEVER, THE FORWARD-LOOKING STATEMENTS COULDVARY DUE TO FACTS,
CIRCUMSTANCES AND EVENTS BEYOND THE CONTROL OF GRUPO ROTOPLAS,
S.A.B. DE C.V.
ABOUT THE COMPANYGRUPO ROTOPLAS S.A.B. DE C.V. IS ONE OF THE
LEADING PROVIDERS OF INDIVIDUAL AND INTEGRATED WATER SOLUTIONS FOR
STORING, CARRYING, ANDTREATING WATER IN THE AMERICAS. WITH MORE
THAN 35 YEARS' EXPERIENCE IN THE INDUSTRY AND 23 PLANTS THROUGHOUT
THE AMERICAS, ROTOPLAS HAS A PRESENCE IN 13 COUNTRIES AND A
PORTFOLIO THAT INCLUDES 18 PRODUCT LINES. GRUPO ROTOPLAS HAS BEEN
LISTED ON THE MEXICAN STOCK EXCHANGE (BMV) UNDER THE TICKER "AGUA"
SINCE DECEMBER 2014.