Elaine and Portobello merge

HomeNewsElaine and Portobello merge

Brazilian producers of ceramic tile,  Elaine and Protobello,  have entered into an agreement to merge. The agreement was signed by CEOs Edson Gaidzinski, Jr. of Elaine and Cesar Gomes, Jr. of Portobello on December 24th.

The ultimate transaction will result in a firm with over 4,000 employees and $650 million in sales, making it one of the top five worldwide producers in revenue, and combined market their products globally in over 70 countries. The merger is expected to be finalized during the first quarter of 2012.

While the merged company will have a new corporate name, the Portobello and Elaine brands will continue operating independently under the new corporation, and no major changes are anticipated for the marketing, distribution or manufacturing of either brand.

 

Must Read

Design Week kicks off in Chicago

Chicago—Two commercial shows—NeoCon, the largest commercial design showcase in North America; and Design Days, the new kid on the block that has drawn significant...

Daltile hosts A&D community during annual ‘Parked at NeoCon’ event

Chicago—Daltile welcomed architects and designers to its Design Studio here for the company’s annual “Parked at NeoCon” lunch. The event showcased the brand’s exciting...

Bjelin’s Woodura wins NeoCon award

Chicago—Bjelin’s durable Woodura hardwood flooring has won the Best of NeoCon 2024 Award. This award recognizes ideas that show innovative and sustainable design. “We’re honored...

Award of Excellence: Mohawk, EF win Best Overall

Garden City, N.Y.—Winning never seems to get old for Mohawk and Engineered Floors, which once again proved to be the big winners in FCNews’...

Mohawk elevates Jason Randolph

Dalton—Mohawk has promoted Jason Randolph, formerly SVP, Karastan sales, to the position of senior vice president, residential sales. He assumes the position formerly held...

Tarkett, Mycocycle partnership aims to drive industry to zero waste

Solon, Ohio —Tarkett has formed a partnership with Mycocycle, a Chicago-based, nature-inspired biotech startup, in a move to drive the construction industry to zero...
Some text some message..
X