CERAM Web Site (Ceram is now called Lucideon)
 

[February 2006]

Villeroy & Boch Takes Over Leading Supplier of Ceramic Sanitaryware in Mexico


On January 30th 2006, subject to approval under cartel law, Villeroy & Boch took over the entire ceramic sanitaryware business of the Mexican industrial group "Grupo Industrial Saltillo" (GIS). This take over involved three sanitaryware factories with a capacity of 2.1 million units. Under the brand names Vitromex and St. Thomas Creation the 950 employees achieve a turnover of around USD 60 million, roughly 45% of which on the US market. The parties concerned have agreed not to disclose the purchase price.

Owing to Villeroy & Boch's strong presence in the tableware sector, the US market is already the company's second most important export market after France. By making this acquisition, the company is creating an industrial platform on which its most profitable Business Segment – ceramic sanitaryware – can develop both this strategically important market, and the growing markets in Central and South America. The acquisition will not give rise to any adverse effects for employees in Europe.



ENDS

 

» CeramicNews Home Page

» Lucideon Website (Lucideon is the new name for CERAM)