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Tensile completes the sale of the Keraben tile to another international fund

Juan Peñaloza 06/04/2014

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Investor Information

The sale process of 75% of the company from Castellón Keraben
keeps going. The American fund Tensile Capital Management
completes the sale of its stake in the company chaired by Rafael
Benavent to another fund, after circulating a sales notebook in
recent weeks with a very good reception from investors.

Tensile is defined as an investor fund specialized in long-term
operations and manages a portfolio of assets that they reach
approximately 600 million dollars, among which highlights the
construction materials sector. On the other hand, before the
restructuring to which the crisis forced him, Keraben came to
have its own network of stores, a bathroom division, another of
raw materials (atomized earths, enamels and frits) and a
agricultural for the exploitation of citrus. Currently, its Ceramic is
the main activity, with sales in more than 140 countries