Grupo Rotoplas acquires a majority stake in the leading water storage tanks e-commerce platform in the United States of America

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."

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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.