Seale & Associates Advises Grupo Cuprum on the Divestiture of Productos Planos
Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Grupo Cuprum, S.A.P.I. de C.V. (“Grupo Cuprum”) on the divestiture of two subsidiaries, Cuprum Metales Laminados, S.A. de C.V. (“CML”) and Alutodo, S.A. de C.V. (“Alutodo”) (collectively “Productos Planos”), to National Material of Mexico, S. de R.L. de C.V., a subsidiary of National Material, L.P. CML is a leading Mexican supplier of aluminum and steel flat sheet and coil products to customers in a broad range of markets. CML operates service centers and distribution warehouses in Monterrey, Mexico City, Guadalajara, Torreon, Chihuahua, and Juarez City. Alutodo is a provider of slit aluminum foil products for use in industrial and consumer markets. Terms of the transaction were not announced.
"Seale & Associates was instrumental in helping us close this important transaction for Grupo Cuprum," Said Eugenio Clariond, President and managing director "The team’s professionalism, integrity and dedication to the project were key to achieving a successful transaction. Seale remains a trusted advisor to our organization and we look forward to working with them on future strategic initiatives."
"We appreciate the opportunity to assist Grupo Cuprum in the shaping of its portfolio and to successfully complete the divestiture of Productos Planos to a strategic buyer. We wish the combined National Materials and Productos Planos teams all the best in the future," said Robert Whitney, Managing Director at Seale & Associates.
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About Grupo Cuprum, S.A.P.I. de C.V. Grupo Cuprum, based in Monterrey, Mexico, is the largest aluminum extruder in Latin America with over 60 years of industry experience serving markets such as Automotive, Industrial, and Construction. With a presence in more than 40 countries, Grupo Cuprum continues to be a global leader in the production of ladders, prefabricated windows, and aluminum products. For additional information, visit the Company's website at www.cuprum.com.
About National Material, L.P. National Material, headquartered in Chicago, IL, is one of the largest suppliers of steel in the United States. The National Material group of industrial businesses consists of the Steel Group, Stainless and Alloys Group, Raw Material Trading Group, Aluminum Group, and Related Operations. National Material of Mexico operates three steel processing facilities located in Monterrey, Hermosillo, and Querétaro. Learn more at www.nmlp.com.
About Seale & Associates. 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. For more information, please visit www.sealeassociates.com.