USD 40 MM acquisition of 70% of Calaminon by Cintac
In July 2018, Cintac S.A., subsidiary of the Chilean steel group CAP, acquire 70% of the shares of the Calaminon conglomerate for USD 40 MM.
Calaminon is a leading Peruvian company with over 50 years of experience in the production and marketing of building solution products such as roofing sheets, polystyrene and polyurethane panels, structural profiles, and is one of the main suppliers of prefabricated modules for public and private institutions.
This acquisition will allow Cintac to consolidate its operations in Peru, which began in 1997 with the acquisition on Tupemesa. Additionaly, it will be able to integrate the prefabricated modular solutions business unit to its product portfolio.
EFIC Partners and Bansud Capital acted as financial advisors to Cintac through all the stages of the transaction.