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Feb 16, 2023ACQUISITIONMexico

COFECE approves Mohawk Industries' acquisition of Vitromex

Mexico's Federal Economic Competition Commission (COFECE) approved the acquisition of Manufacturas Vitromex by Mohawk Industries on February 16, 2023. Both companies are manufacturers of ceramic and porcelain coatings.

Value

$299.0M

Status

Completed

Productsceramic and porcelain coatings

CompaniesGIS AG Grupo Industrial Saltillo partner Mohawk Industries acquirer Manufacturas Vitromex, S.A. de C.V. target Vitromex target Manufacturas Vitromex target

Sectors#Construction Materials

“With the acquisition of Vitromex, Mohawk complements its portfolio and strengthens its presence in the Mexican market.”basham.com.mx

3 sources
basham.com.mxCOFECE HAS AUTHORIZED THE ACQUISITION OF VITROMEX BY MOHAWK INDUSTRIES - BASHAMPriscilla Lorenzo SalumFeb 18, 2023
promexicoindustry.comGIS sells Vitromex to Mohawk Industries for $299 millionMEXICO INDUSTRYMar 6, 2023
basham.com.mxBasham asesoró a Mohawk Industries en la adquisición de Vitromex. - BASHAMPriscilla Lorenzo SalumMar 10, 2023

Summarized from public sources; check the original articles before acting on it.

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