Mauser Packaging Solutions Intermediate Company, Inc. (Mauser), a U.S. company, has reached a final agreement to purchase newly issued shares representing all of the voting stock of Taenza, S.A. de C.V. (Taenza), a Mexican company engaged in the manufacture of aerosol cans and other products made of steel in Mexico.
Mauser is also expected to complete the transaction in April 2024, subject to receiving the necessary regulatory approvals. The total amount to be paid for the transaction will be at least $99 million, with a possibility of making an additional payment to existing shareholders if Taenza’s future performance is favorable.
Finally, Mauser, a chemicals company, expressed confidence that the acquisition of another company would bring significant strategic advantages. These include growth in the Mexican paint and specialty market, the incorporation of new locations and production capacity, as well as the possibility of increasing margins and obtaining synergies under Mauser’s control.
