Marval O’Farrell Mairal and Wiener Soto Caparros advised on the transaction
Spanish multinational Esmalglass-Itaca Group executed its $460 million acquisition of Tile Coatings Business of Ferro Corporation.
Closing is expected no earlier than the summer and is subject to approval from the European competition authorities.
Esmalglass-Itaca has 1,650 employees and around twenty production units in Spain, Italy, Portugal, Russia, Turkey, Mexico, Brazil, Indonesia, China and Thailand and in 2018 posted revenue of 470 million euros.
Ferro’s Tile Coatings Business has a similar turnover with annual sales of $510 million for the year ended 30 September 2019.
For Ferro Corporation, one of the world’s largest suppliers of colours and glazes for ceramics, glass and metal.
In Argentina, Marval O’Farrell Mairal advised Esmalglass-Itaca Group with a team including Juan M. Diehl Moreno (Picture), María Manuela Lava, Josefina Griot and Lucía del Valle Lietti.
Wiener Soto Caparros advised Ferro Corporation with a team including Laurence P. Wiener, Mariela Caparros and María Magdalena Podio.
Involved fees earner: Lucia Del Valle Lietti – Marval, O’Farrell & Mairal; Juan Diehl Moreno – Marval, O’Farrell & Mairal; Josefina Griot – Marval, O’Farrell & Mairal; Maria Manuela Lava – Marval, O’Farrell & Mairal; Mariela Caparros – Wiener Soto Caparrós; Magdalena Podio – Wiener Soto Caparrós; Laurence Wiener – Wiener Soto Caparrós;