Brazil’s ceramic industry sees new leader after acquisition of top producer
Deal Flash
Elizabeth Revestimentos has been acquired by Eliane Revestimentos, a subsidiary of Mohawk Industries (NYSE: MHK). The combination of Elizabeth and Eliane, which became part of Mohawk in 2018, will make the company the leading producer of ceramic tiles by revenue in Brazil, and the second largest in the global ceramic market.
Elizabeth, founded in 1984, is one of Brazil’s largest ceramic tile manufacturers and the only national company with the capability to produce both polished and unglazed porcelain in the northeast and south regions. The company operates five industrial plants.
We had an excellent experience working with Oaklins Olimpia Partners. Their broad expertise in the sector combined with the dedication and focus of the team on achieving results were fundamental to the success of the transaction.MANFREDO GOUVEA JUNIOR, CEO, ELIZABETH REVESTIMENTOS, BRAZIL
Oaklins worked tirelessly towards the success of this transaction
Oaklins Olimpia Partners in Brazil served as Elizabeth’s financial advisor, leveraging its industry expertise to drive the sale process. With a successful track record in the sector, including advising on the sale of Eliane to Mohawk and the sale of Cecrisa to Vinci Partners, the Oaklins team was committed to securing the best outcome for Elizabeth and its shareholders. Throughout the preparation and negotiation phases, the team provided strategic guidance and worked tirelessly to ensure a successful closing.
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