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Thursday, February 22, 2024

Deloitte counsels Gecol on its sale to France´s Soprema

Deloitte Legal has advised the shareholders of Spain´s Gecol Group on its sale to French multinational Soprema Entreprises

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As a world leader in waterproofing solutions, Soprema is a key player in the construction sector. Soprema currently employs 9,210 professionals, with a turnover of €3.07 billion in 2020, has 74 factories, 100 operating subsidiaries and more than 4,000 distributors, 18 R&D&I centres and 22 training centres in 8 countries.

With this deal, the French group now incorporates Gecol, a family business with almost 50 years of existence, led by Marcial Sánchez Fernández.

Soprema has five production plants in Spain in Castellbisbal, Sant Cugat del Vallès, Cervera, Vallmoll and Villasequilla.

Gecol focuses on the manufacture of mortars for laying and grouting ceramic tiles, rehabilitation and façade cladding, technical mortars, additives and other solutions for construction. It currently has 13 production centres and one logistic centre in Spain, and operates in more than 20 countries with more than 2,000 references..

Deloitte Legal advised Gecol Group with a Barcelona office Corporate/M&A team formed by partner Ignacio Sanjurjo, senior associate Miquel Castro Nabau and associate Tamara Gutiérrez. Deloitte Financial advisory acted on this deal with partner Jordi Vall Carbonell and senior manager Sergi Corominas.

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