Industry News
Rio Bravo Acquires Stake in T&A
1 October 2010
(DealWatch) October 1, 2010 – Brazilian private equity firm Rio Bravo Investimentos, via its Rio Bravo Nordeste II fund, will invest BRL 25mn (EUR 10.86mn USD 14.81mn) in a concrete plate unit owned by T&A in exchange for an undisclosed stake in the firm. T&A is located in Ceara state. The move is part of Rio Bravo’s plans to acquire assets in firms based in the developing areas of the Northeast region. T&A will provide pre-fabricated concrete plates for construction projects that will be carried out around the Suape port area (Pernambuco state) including a plant for parts for wind farms (Impsa), Petrobras’ petrochemical complex and the Atlantico Sul shipyard. T&A has three plants in the Northeast region of the country (Fortaleza, Recife and Salvador) and has just inaugurated a plant in Itu, Sao Paulo state, in order to supply to clients based in the Southeast region of Brazil. The resources to be injected by Rio Bravo in T&A will be allocated to the Itu plant in order to expand production capacity from the current 12,500 m3 of concrete per month to 18,000 m3 per month. T&A specialises in concrete plates utilised in the construction of industrial buildings, shopping centres and supermarkets. The firm is likely to record a BRL 170mn turnover in 2010. © Esmerk
Via Valor Economico
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