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Etex

Date September, 2017
Client Etex
Counterparty Matte Lecaros group
Industry Building materials
Amount Not disclosed
Transaction
Landmark advised Empresas Pizarreņo, a leading building materials group in Chile 100% owned by multinational Belgian company Etex, on the sale of its subsidiary Industrias Princesa to the Matte Lecaros group, a leading economic local group. Founded in 1970, Industrias Princesa is a leading brick manufacturer in Chile. The Matte Lecaros group is the controlling shareholder of Empresas Coipsa. Coipsa is a Chilean holding company involved in several businesses, such as waste recycling, papermaking, manufacturing of corrugated cardboard packaging solutions and generation of renewable energy