Sale of Elizabeth Revestimentos to Eliane
Olimpia Partners advised on this M&A (sell-side) transaction involving Elizabeth Revestimentos and Eliane, in the Construction Materials sector. Deal value: Confidential.
Financial advisor to Elizabeth Revestimentos
Elizabeth Revestimentos & Eliane
Construction Materials · M&A (sell-side) · Confidential
Case Study
• In November 2022, Eliane Revestimentos, a wholly owned subsidiary of Mohawk Industries (NYSE:MHK), announced the acquisition of Elizabeth Revestimentos
– The transaction will create the largest ceramic tiles group in Brazil, the second largest ceramic market in the world
– Elizabeth's advanced ceramic manufacturing assets should improve Eliane's product offering as well as increase its operational efficiency and service capacity
• Founded in 1984, Elizabeth has 4 production units in the Northeast and South regions of Brazil. The company produces ceramic floors and tiles, which are mainly sold to retailers, in home centers and to construction companies
• Founded in 1960, Eliane is one of the main producers of ceramic tiles in Brazil, with 6 productions units that manufacture +40 million m² of tiles per year. The company has been a wholly owned subsidiary of Mohawk since its acquisition in 2018
• Mohawk Industries (NYSE:MHK) is the global leader in flooring manufacturing, with a portfolio of brands that include American Olean, Daltile, Durkan, Eliane, Felte and Godfrey Hirst
Transactions