Latest News
Globe Union Industrial Acquires Assets of Vitreous China Manufacturer NAMCE
Tuesday 10 September 2019

10 September 2019 - Illinois, US-based Gerber Plumbing Fixtures, a subsidiary of Globe Union Industrial Corp., has acquired the assets of Mexico-based Vitreous China Manufacturer NAMCE S. de R.L. de C.V., the company said.

Terms of the transaction were not disclosed. Globe Union anticipates closing the transaction in 4Q19, following regulatory approval.

The acquisition provides future growth opportunities for the Gerber brands by increasing Vitreous China capacity in North America and diversifying the company's supply base.

With this new partnership, the company will continue to improve the supply of Vitreous China products throughout North America.

The facility houses advanced Vitreous China manufacturing equipment and allows Gerber to reduce lead time as it provides an established, successful manufacturing plant closer to its core North American market. The extended capabilities will support growth into supplementary segments of the market.

Gerber Plumbing Fixtures is a manufacturer of vitreous china plumbing fixtures, faucets, and fittings for the residential, commercial and hospitality construction markets.
Details
Date Published: 10/09/2019
Target: Vitreous China Manufacturer NAMCE S. de R.L. de C.V.
Country: Mexico
Sector: Construction/Real Estate
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Globe Union Industrial
Comment:
Terms of the deal were not disclosed

Options