Duratex has acquired 100% of Cecrisa, a Brazilian ceramic tile manufacturer and owner of the Portinari brand, in a deal valued up to R$ 539 million, aiming to enhance its product portfolio and operational synergies.

Information on the Target

Duratex has announced the signing of a contract to acquire 100% of Cecrisa, a Brazilian manufacturer of ceramic coverings and owner of the renowned Portinari brand. This acquisition, valued at up to R$ 539 million, encompasses an immediate payment of R$ 264 million, along with a potential contingent payment of up to R$ 275 million, contingent upon the fulfillment of specific conditions. Cecrisa currently holds a net debt of R$ 442 million.

The transaction, which awaits approval from CADE according to legal regulations, will not result in significant alterations to Duratex's existing capital structure or its debt profile. Following the acquisition, Duratex aims to expand its product portfolio, which already includes notable brands such as Durafloor, Deca, Hydra, Duratex, and Ceusa.

Industry Overview in Brazil

The ceramic tiles industry in Brazil is experiencing steady growth, influenced by the rising demand for high-quality flooring and wall coverings in both residential and commercial sectors. Brazil is one of the largest producers