MEXICO CITY, Oct. 20, 2017 /PRNewswire/ -- Grupo Rotoplas
S.A.B. de C.V. (AGUA.MX) ("Rotoplas" or "the Company"), the leading
provider of individual and integrated water solutions in the
Americas, announces the acquisition of a majority stake in the
leading water storage tanks e-commerce platform in the United States of America for $588 million Mexican Pesos.
Plasticwatertanks.com Inc., P-M.com Inc. and Nautical Outfitters
Corp. compose the e-commerce platform, which comprises a hybrid
model where 80% of its revenue comes from online sales and the
remainder from retail outlets stores. The acquired firm has
18 years of financial profitable operations and over 4 thousand
daily visitors to its e-commerce websites, making it the
indisputable leader. Through this acquisition, Rotoplas
becomes the leading e-commerce provider of water storage tanks in
the United States, increasing the
Company's share of the American water solutions market.
Carlos Rojas Mota Velasco, CEO of
Rotoplas, remarked, "The acquisition of this business will
potentiate our sales of individual water solutions in the United States and complements our
strategy, adding an innovative and profitable business model with
high growth potential for the Company's future."
IR Contact:
52015000 ext. 50163
agua@rotoplas.com
Safe Harbor
This press release may include certain forward-looking statements
relating to Grupo Rotoplas S.A.B. de C.V., it relies on
considerations of the Grupo Rotoplas S.A.B. de C.V. management
which are based on current and known information; however, the
forward-looking statements could vary due to facts, circumstances
and events beyond the control of Grupo Rotoplas, S.A.B. de C.V.
About the Company
Grupo Rotoplas S.A.B. de C.V. is one of the leading providers of
individual and integrated water solutions for storing, carrying,
and treating water in the Americas. With almost 40 years'
experience in the industry and 21 plants throughout the Americas,
Rotoplas has a presence in 14 countries and a portfolio that
includes 18 product lines. Grupo Rotoplas has been listed on the
Mexican Stock Exchange (BMV) under the ticker "AGUA" since
December 2014.
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SOURCE Grupo Rotoplas S.A.B. de C.V.