Grupo Rotoplas S.A.B. de C.V. (BMV:AGUA *) completed the acquisition of an unknown minority stake in Banyan Water, Inc.
November 30, 2021
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Grupo Rotoplas S.A.B. de C.V. (BMV:AGUA *) entered into an agreement to acquire an unknown minority stake in Banyan Water, Inc. on November 19, 2021. As part of the agreement, Rotoplas will have 1) a seat on the Board of Directors of Banyan Water, 2) a joint innovation program for the development of new digital solutions to power Rotoplas' next generation of products & services and 3) exclusivity to commercialize the water management software & digital solutions for the Latin American market.
Grupo Rotoplas S.A.B. de C.V. (BMV:AGUA *) completed the acquisition of an unknown minority stake in Banyan Water, Inc. in November 2021.
Grupo Rotoplas SAB de CV is a Mexico-based company, which develops and provides water-related solutions. The Company products portfolio is divided into four categories: Storage, Piping and Pressurization, Improvement and Auto-Sustainable. Storage provides water tanks, water wagons, as well as products for industrial and agricultural purposes. Piping and Pressurization offers piping, valves and related accessories, as well as different kind of pumps, among others. Improvement includes a variety of water heaters, purificators and filters, among others. Auto-Sustainable offers, among others, rainwater collection systems. The Companyâs service offering includes installation and maintenance of all its products, purification services for drinkable water, and the design, construction, management and maintenance of water treatment plants for industrial customers. The Company is directly and indirectly active in the Americas through a distribution network and an ecommerce platform.