Dentons Cardenas & Cardenas advised Manufacturas S.A.S., a subsidiary of Acesco Colombia S.A.S. on the acquisition of 65% of the shares of Alurack S.A.S., a strategic aluminum producer in the country.

The result of this transaction is a strategic move performed by Acesco Colombia S.A.S. as it continues to strengthen its presence in the Colombian market. In this way, it is expected that Acesco Colombia S.A.S. continues to position itself as a key player in the construction and aluminum production industry in Colombia.

Mauricio Borrero, partner of Dentons Cardenas & Cardenas and leader of this transaction commented: “The result of this transaction marks an important milestone for Manufacturas S.A.S. and Acesco Colombia S.A.S. as it will allow them to increase their presence in the construction and industrial sectors in the country. As a result of this operation, we expect that our client will continue to consolidate its position as a leading company in the Colombian market.”

Santiago Miramón added: “I am very grateful to our client for allowing us to lead this important transaction. I am sure that, in the medium term, our client will consolidate its position as the aluminum producer with the largest presence in the country. Finally, I would like to commend the hard work of our lawyers, as well as the professionalism of all the parties involved in the transaction”.

The Corporate Law / M&A team of Dentons Cárdenas & Cárdenas was formed by: (i) Mauricio Borrero, Partner; (ii) Santiago Miramón, Corporate Law / M&A Director and (iii) Maria Paula Macias, Associate.