Torrecid, S.A. has sold Tendencias Cerámicas, S.L. to Firmplace

Torrecid, S.A. has sold its remaining minority stake in Tendencias Cerámicas, S.L. (Tencer) to Firmplace, a holding company that belongs to Tencer's management team. Financial details have not been disclosed.

Founded in 2000 and based in Castellón, Spain, Tencer is a ceramic company focused on the manufacture and distribution of small ceramic format pieces.

Firmplace is a holding company that belongs to Tencer's management team.

Founded in 1963, Torrecid is a globalized Spanish multinational business group dedicated to providing products, services, solutions and future trends to the ceramic and glass industry. The group is present in 28 countries.

Oaklins' team in Spain advised the seller in this transaction.