Ariston Thermo, S.p.A.’s $146 Million Acquisition of Grupo Industrial Saltillo’s Water Heating And Pipe Fitting Business

Galicia Abogados and Santamarina y Steta advised on the deal

Grupo Industrial Saltillo, S.A.B. de C.V. has sold 100% of the shares of its water heating and pipe fitting businesses, operated in Mexico and in the USA by Calentadores de América, S.A. de C.V., Fluida, S.A. de C.V. and Water Heating Technologies Corp. to Ariston Thermo, S.p.A. Italian group.

Ariston Thermo SpA manufactures heating equipment. The Company offers floor-standing boilers, water heaters, solar systems, heat pumps, air conditioners, burners, pre-post sales services, and other components. Ariston Thermo serves customers internationally.

The transaction is subject to pre-merger clearance by the Mexican Federal Competition Commission.

Galicia Abogados, S.C. acted as legal counsel for Ariston Thermo, S.p.A.

Santamarina y Steta, represented Grupo Industrial Saltillo, S.A.B. de C.V. with a team including Carlos Argüelles González (Picture) and Bárbara Asiain.

Involved fees earner: Carlos Argüelles González – Santamarina y Steta; Bárbara Asiain – Santamarina y Steta;

Law Firms: Santamarina y Steta;

Clients: Grupo Industrial Saltillo SA de CV ;

Author: Ambrogio Visconti.