Press Release GIS Villeroy
SALTILLO, MEXICO — Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Grupo Industrial Saltillo (“GIS”) on the divestiture of its Sanitaryware Business to Villeroy & Boch AG, headquartered in Mettlach, Germany.
GIS’s sanitaryware business is a leader in the design, manufacture, sale, and distribution of ceramic sanitaryware products for luxury, intermediate, and builder-grade market segments in the United States and Mexico. Sanitaryware products manufactured and/or sold include toilets, bathroom sinks, bathtubs, bidets, and coordinating accessories. It operates production facilities in the Mexican cities of Saltillo, Ramos Arizpe, and Lerma. The sanitaryware business sells its products under well-established brands, including St. Thomas Creations, Eclipse, Marathon, and Vitromex.
Grupo Industrial Saltillo, S.A. de C.V. (BMV: GISSA) is one of Mexico’s leading industrial companies operating in the automotive, building products and housewares industries with revenues of approximately US$880 million. GIS’s automotive business includes the world’s largest non-captive cast iron foundry, an aluminum foundry, and production of small ductile iron casting auto parts. The Building Products Business produces ceramic tiles and water heaters. The Housewares Business produces kitchenware and tableware.
Villeroy & Boch AG is a leading European ceramic home living, building, and lifestyle products company with more than US$1 billion in sales and operating in 125 countries around the world. The Group is divided into three divisions: Bathroom and Wellness, Tiles, and Tableware. Production is carried out at 19 locations in 12 European countries and the Group has over 9,000 employees.
Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. Seale Capital, Inc., an affiliate of Seale & Associates, Inc., is a registered broker dealer and member of FINRA and SIPC. All securities related transactions are cleared through Seale Capital, Inc. For more information please visit www.sealeassociates.com.