Grupo Tigre successfully sold its Claris division to IBRAP

Grupo Tigre, founded more than 75 years ago, is a Brazilian multinational and a global leader in the manufacture of plastic materials for the construction and renovation segments, with operations in 27 countries. Grupo Tigre sells a large variety of products across Brazil through its network of 92,000 distributors. The company employs more than 6,500 employees and has 11 factories in Brazil and 13 abroad including Argentina, Bolivia, Chile, Colombia, Ecuador, the United States, Paraguay, Peru and Uruguay. The Grupo Tigre brand is synonymous with innovation and quality, and is a reference in the building, infrastructure, irrigation and industrial markets.

Claris, a division of Grupo Tigre, is a Brazilian leader in the production and distribution of PVC frames, doors and windows. Claris offers high quality customized solutions for the residential and commercial market. Present in the market since 1999, Claris has a network of resellers covering all of Brazil. Claris was sold to Indústria Brasileira de Alumínio e Plásticos (IBRAP), a leading manufacturer of a wide mix of products, with an emphasis on aluminum frames, construction systems, translucent tiles, kit boxes, plastic sheets and laminates and aluminum profiles. Through its three manufacturing sites in Santa Catarina and Pernambuco, IBRAP employs more than 750 employees and its brand is a benchmark for safety in the market. The acquisition of Claris augments IBRAP´s service offering to include PVC in addition to aluminum and provides significant potential synergies with IBRAP´s existing industrial activities.

Based on its deep expertise in the industrial sector, seamless execution capabilities and access to a global base of strategic and financial investors, Lincoln International was retained by Grupo Tigre as its sole financial advisor for the carve-out of Claris. Lincoln worked closely with the Grupo Tigre´s management to develop a compelling investment thesis that highlighted Claris´ integrated business model, unique positioning in the Brazilian market and strong growth opportunities of PVC products, emphasized Claris’ synergy potential with key strategic buyers, led a competitive sale process and assisted management during negotiation and due-diligence stages. Lincoln´s extensive transaction track-record was key to establishing strong and deep relationships with corporations, private equity investors and business owners.

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