Seale & Associates advises on the sale of Fanosa to Grupo Lamosa
Seale & Associates, Inc. (“Seale”) announced that it acted as exclusive financial advisor to the Shareholders of Fanosa, S.A. de C.V. ("FANOSA"), a leading provider of solutions for the construction market on the sale of its business to Grupo Lamosa S.A.B. de C.V. (BMV: LAMOSA) a manufacturer and distributor of ceramic tiles and adhesives for the construction industry. The transaction is subject to regulatory approvals applicable to this type of transactions.
The acquisition of FANOSA strengthens the growth and diversification strategy of Grupo Lamosa, allowing it to take advantage of its current capabilities to develop a growth platform with a more integral product offering focused on providing sustainable solutions for the construction market.
"Seale provided our shareholders with valuable guidance on a wide range of important topics during the divestiture process of our company and represented us as a trusted advisor to reach our objectives" stated Delfin Ruibal, Chairman and CEO of FANOSA. "Seale advocated forcefully for our shareholders and worked tirelessly to overcome all the necessary challenges to complete this transaction. We could not be more pleased with the advice and service we received."
"FANOSA has built a great platform for the production and distribution of expanded polystyrene products with tremendous success in Mexico and the U.S. We congratulate our client and the employees of FANOSA and we wish them continued success and growth after the acquisition by LAMOSA" – stated Sergio Garcia del Bosque, Managing Director, Seale & Associates
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FANOSA was founded in Hermosillo, Sonora in 1968. Its product offering includes shape-molded and fabricated foam products made from expanded polystyrene. FANOSA has a nationwide network of plants and distribution centers covering Mexico and the southern states of the U.S. For more information please visit www.fanosa.com
Grupo Lamosa S.A.B de C.V. is a Mexican company that focuses on the manufacture and commercialization of ceramic tile and adhesives, with a presence of more than 130 years in the building materials industry. For more information, please visit www.lamosa.com.
Seale & Associates Inc. 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.