US company Mauser Packaging Solutions Intermediate Company, Inc. (Mauser) has entered into a definitive agreement to acquire newly issued shares representing 100% of the voting shares of Taenza, S.A. de C.V. (Taenza), a manufacturer of aerosol cans, tin-steel general line, sanitary, and steel pails based in Mexico.
Mauser expects the transaction to close by April 2024, subject to regulatory clearances.
Total consideration for the transaction will be a minimum of USD$99 million (€91.9 million), with a potential exit payment to the existing shareholders based on future Taenza performance.
Mauser said it expects the transaction to bring numerous key stratregic benefits. These include providing growth opportunity in the Mexican paint and specialty market; bringing additional manufacturing locations, capacity and capabilities; and, as a margin accretive transaction, it entails multiple levers for value creation and opportunities to capture incremental synergies under Mauser ownership.
Mauser acquires Mexican aerosol can manufacturer Taenza
