A group of Chilean investors have acquired Construmart
A group of Chilean investors have acquired Construmart S.A. (CTM), a construction and home improvement materials company from SMU, S.A. for a total consideration of US$80 million.
Construmart was founded in 1997 after the merger of the hardware stores Chicharro, Comercial Corbella and Comercial Eguiguren. In 2016, CMT had 4% market share of the home improvement industry. SMU acquired the company in 2011.
SMU operates a chain of supermarkets in Chile, under the UNIMARC, MAYORISTA 10, ALVI, OK MARKET, and TELEMERCADOS brands. The company is based in Las Condes, Chile.
Oaklins' team in Chile structured and carried out the acquisition process on behalf of the buyer.
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