Fredericks Michael & Co. Advises Protección Anticorrosiva de Cuautitlán, S.A. de C.V. and related entities on its acquisition by Holcim, Ltd. (SWX:HOLN).
Fredericks Michael & Co. acted as the exclusive financial advisor to Protección Anticorrosiva de Cuautitlán, S.A. de C.V., a leading manufacturer and distributor of construction waterproofing products in Mexico, for its acquisition by Holcim, Ltd., a Switzerland-based global leader in building materials.
The acquisition of PASA is a significant strategic move for Holcim as it seeks to expand its portfolio of building products in Mexico, the second largest market in Latin America. This acquisition will enable both companies to enhance their presence in Mexico and accelerate growth by combining PASA's local geographic reach and Holcim's global portfolio.
Founded in 1985, PASA is a leading Mexican manufacturer and distributor of construction waterproofing products with nationwide coverage and participating in all relevant distribution channels. This, together with the hard work and commitment of over 250 associates, has allowed PASA to position itself among the leaders in these product categories in Mexico. PASA and Holcim will continue to work together on a path toward strengthening their combined building materials product offerings, a path that both companies have strongly embraced.
The acquisition comprises PASA’s production facilities located in the Central Mexico, as well as its company-owned retail stores and distribution centers throughout the country. Financial details of the transaction values were not disclosed.
Fredericks Michael & Co. initiated this transaction and acted as exclusive financial advisor to PASA on a multi-step engagement process which included managing a targeted, competitive-bid process, coordinating the due diligence process, transaction structuring, and assistance in obtaining regulatory approvals and in negotiations through closing of the transaction.
About Protección Anticorrosiva de Cuautitlán, S.A. de C.V.:
PASA, headquartered in Cuautitlán, Estado de México, Mexico, is a leading manufacturer and distributor of construction waterproofing products in the country. With nationwide coverage, PASA offers high-quality products at competitive prices to customers, through both third-party retail channels and its own retail store network. The company is a pioneer in the industry, known for its commitment to quality and innovation. For more information, visit www.pasaimper.com
About Holcim, Ltd.:
Holcim is a global leader in innovative and sustainable building solutions. Driven by its purpose to build progress for people and the planet, its 60,000 employees are on a mission to decarbonize building, while improving living standards for all. The company empowers its customers across all regions to build better with less, with its broad range of low-carbon and circular solutions, from ECOPact to ECOPlanet. With its innovative systems, from Elevate’s roofing to PRB’s insulation, Holcim makes buildings more sustainable in use, driving energy efficiency and green retrofitting. With sustainability at the core of its strategy, Holcim is becoming a net-zero company with 1.5°C targets validated by the Science Based Targets initiative (SBTi). More information is available on www.holcim.com
For more information on the transaction, reach out to Enrique Gaitán M. via gaitan@fm-co.com.
