Imusa Owner Makes Deal to Take Share Control of Rival Umco from Ecuador
Imusa owner seeks to acquire Umco shares from Ecuador. Photo: Imusa
TL;DR
- Groupe SEB, owner of Imusa, is seeking approval to acquire 100% of Ecuadorian company Umco.
- The transaction will place Umco under the control of Groupe SEB's parent company, SEB S.A.
- SEB Internationale will indirectly acquire control of Umco through the purchase of 55% of its shares.
- Groupe SEB manufactures and sells kitchenware and small appliances under brands like Imusa, T-fal, and Tefal.
- Umco, based in Ecuador, primarily manufactures metal products for domestic use and also sells kitchenware.
- The operation is expected to impact the Colombian market for cookware, where both companies have a presence.
- Umco currently has no corporate presence or direct commercial activities in Colombia, selling products through a single client.