# Duratex agrees to buy Cecrisa for up to R$ 539 million

Duratex announced an agreement to acquire ceramic tile manufacturer Cecrisa for up to R$ 539 million, with R$ 264 million in cash and up to R$ 275 million contingent on future conditions. Cecrisa has three factories in Brazil.

- Type: Acquisition
- Announced: 2019-05-22
- Where: Santa Catarina and Minas Gerais, Brazil
- Value: $135.0M (539.0M BRL)
- Status: announced
- Capacity: 20 million square meters per month
- Products: ceramic tiles
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Duratex](https://endata.com/companies/39547.md) (acquirer)
- [Cecrisa](https://endata.com/companies/39548.md) (target)
- [Cecrisa Revestimentos Cerâmicos](https://endata.com/companies/40114.md) (target)

## Sources

- [g1.globo.com](https://g1.globo.com/economia/noticia/2019/05/23/duratex-acerta-acordo-para-comprar-rival-cecrisa-por-ate-r-539-milhoes.ghtml), 2019-05-23: "Essa aquisição somada à expansão da Ceusa, anunciada anteriormente, traz escala e sinergias importantes para o nosso negócio, deixando a Duratex mais competitiva."
- [pymnts.com](https://www.pymnts.com/cpi-posts/brazil-duratex-acquires-rival-cecrisa/), 2019-05-23: "Brazilian wood panel manufacturer Duratex has agreed to acquire ceramic tile maker Cecrisa for 539 million reais (US$132.6 million)."
- [ceramicworldweb.com](https://ceramicworldweb.com/en/news/duratex-acquires-cecrisa-brazil), 2019-06-19: "The aim of the latest acquisition is to expand the group’s portfolio in the home product sector while strengthening its ceramic industry presence."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.