Grupo Rotoplas reaches a preliminary agreement to purchase a leading provider of water flow solutions in Argentina

MEXICO CITY, April 4, 2018 /PRNewswire/ -- Grupo Rotoplas S.A.B. de C.V. (BMV: AGUA) ("Rotoplas" or "the Company"), leading provider of individual and integrated water solutions in the Americas, announces that it has reached a preliminary agreement to acquire 100% of IPS S.A.I.C. y F., leading provider of water flow solutions in Argentina.

Carlos Rojas Mota Velasco, Chairman and CEO of Rotoplas, remarked: "This acquisition reaffirms Rotoplas' commitment to consolidating its individual solutions portfolio in Argentina, incorporating leading brands and technologies."

The acquisition will be funded with Rotoplas' own resources and it is expected to close in 2Q 2018.

IR Contact: 
Ofelia M López Aranda T
52015000 ext. 50163
agua@rotoplas.com

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 America's leading provider of individual and integrated water solutions for storing, carrying, and treating water. With almost 40 years' experience in the industry and 21 plants throughout the Americas, Rotoplas has a presence in 14 countries. 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.