GRUPO ROTOPLAS ANNOUNCES SIGNING OF FINAL AGREEMENT TO ACQUIRE IPS, A LEADING
20 Junio 2018 - 5:05PM
BMV General Information
GRUPO ROTOPLASANNOUNCES SIGNING OF FINAL AGREEMENT TO ACQUIRE IPS,
A LEADING PROVIDER IN WATER FLOW SOLUTIONS IN ARGENTINA
MEXICO CITY, JUNE 20TH, 2018.
GRUPO ROTOPLAS S.A.B. DE C.V. (BMV: AGUA) ("ROTOPLAS" OR "THE
COMPANY"), LEADING PROVIDER OF INDIVIDUAL AND INTEGRATED WATER
SOLUTIONS IN THE AMERICAS, ANNOUNCES, FOLLOWING UP ON THE RELEASE
FROM APRIL 4TH, THE SIGNING OF FINAL AGREEMENT TO ACQUIRE 100% OF
IPSS.A.I.C. Y F., LEADING PROVIDER OF WATER FLOW SOLUTIONS IN
ARGENTINA, FOR A TOTAL NET AMOUNT OF MXN $1,030 MILLION AND AN
IMPLIED EBITDA 2018E MULTIPLE OF 5.1X.IPS IS A LEADING ARGENTINIAN
COMPANY THAT FOCUSED ON THE MANUFACTURING, DISTRIBUTION AND
COMMERCIALIZATION OF WATER FLOW SOLUTIONS WITH OVER 4,100 ACTIVE
CLIENTS.
CARLOS ROJAS MOTA VELASCO, CHAIRMAN ANDCEO OF ROTOPLAS, REMARKED:
"THIS ACQUISITION REAFFIRMS ROTOPLAS' COMMITMENT TO CONSOLIDATE ITS
INDIVIDUAL SOLUTIONS PORTFOLIO IN ARGENTINA, INCORPORATING LEADING
BRANDS AND TECHNOLOGIES. WE WELCOME THEIR COLLABORATORS, SUPPLIERS
AND CLIENTS AND ARE CONVINCED THAT THIS ACQUISITION WILL MAXIMIZE
OUR GROWTH IN THE REGION".
THE ACQUISITION WILL BE FUNDED 100% WITH ROTOPLAS' OWN
RESOURCES.
THE TRANSACTION WILL CLOSE DURING THE FIRST WEEK OFJULY AND THE
COMPANY WILL START TO CONSOLIDATE ITS RESULTS IN THE THIRD QUARTER
OF THIS YEAR.
IR CONTACT:OFELIA M LPEZ ARANDA T
52015000 EXT. 50163