Grupo Sanz acquires 75% of Newker Ceramics
Grupo Sanz communicates its entry into the field of ceramics with the purchase of 75 percent of the Castellon tiles company Newker Ceramic that will integrate in its real estate development division.
Thanks to this operation, which led to the acquisition of a 75% stake of Newker, Grupo Sanz will diversify their farming activity in the markets where it already has a presence, bringing the experience of the newly acquired Newker to develop public and private projects in countries like Peru, Brazil and Colombia.
The African continent represents another business oportunity, considering the presence of Grupo Sanz in countries like Nigeria, Ivory Coast, Ghana and others. Acquiring Newker will invigorate industrial production lines of Grupo Sanz structure and will reduce its fixed costs by 5%, thanks to the contributions of the structure and resources of the newly acquired Newker Ceramic.
For Alfonso Sanz, CEO of Grupo Sanz, “the growth potential that the acquisition of Newker provides to our Group are more than encouraging, always that the new company gets to keep a balanced and proportional growth in all areas of activity simultaneously. One of the keys to successful consolidation and growth of Grupo Sanz”
Newker Ceramics was born with a clear service vocation to the customer. It is a young, dynamic company and able to adapt to the needs of its clients.
In its catalog are the latest trends in design adapted to each market, the latest technology in the industry and the highest quality in their ceramics.
Thanks to its extensive experience in the ceramic industry, can offer a wide range of sizes, materials, finishes and colors. Our goal is for the customer to find what it needs.
Its constant efforts in R&D are aimed at providing the best solution for each project, which is why more and more customers trust its brand.