GIS agrees to sell Vitromex

Saltillo Industrial Group (GIS) announced that it reached an agreement for the sale of the shares of Vitromex USA and Manufacturas Vitromex to Mohawk and its subsidiary in Mexico, Dal-Tile México Comercial, for a value of 293 million dollars.

Mohawk is an American public company, listed on the New York Stock Exchange, focused on the coatings segment and with operations in 19 countries and commercial presence in more than 160 countries.

Vitromex specializes in the manufacturing and marketing of ceramic and porcelain coatings for the construction and remodeling industry, and has operations in San Luis Potosí, Chihuahua and Guanajuato.

For Vitromex, this transaction represents the opportunity to be part of one of the main players in the ceramics industry worldwide, which will allow it to accelerate business development, expansion plans and its production capacity.

Carlos Arguelles, Lisa Carral, Daniela Flores and Ana Paula Ibarra was part of the Santamarina + Steta team that legally advised GIS in this transaction.