Lamosa acquires Eurocerámica

Lamosa acquires Eurocerámica

M&A Equity Mexico Colombia

Mexican ceramics company Grupo Lamosa said it has agreed to buy 100% of Eurocerámica in Colombia for COP130 billion ($38.3 million). The acquisition is still pending regulatory approval adjustments, and the purchase price is subject to adjustments, Lamosa said in a securities filing. Lamosa already has a presence in Colombia through the subsidiary Cerámica San Lorenzo, which the Mexican company acquired from Belgian industrial group Extex for $230 million in 2016. Lamosa sealed a seven-year loan

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