Brazil Portobello sells to Lafarge

Brazil’s ceramic producer Portobello SA has sold its mortar producing
subsidiary PortoKoll Ltda to  Lafarge in a deal estimated at 28.1 mln
Brazilian reais (US$8.97m) The purchase was made via Lafarge’s Brazilian
subsidiary Qualimat Distribuidora de Materias de Construcao, producer of
building materials.

PortoKoll was founded in January 1999 and in a partnership with US tile
setting grout and adhesives Custom Building Products built a plant in
Itupeva, 75 km from the capital of the southern state of Sao Paulo.
PortoKoll also operates a plant in Tijucas in the southern state of Santa
Catarina. The two plants have a production capacity f 20,000 tonnes per
month and about 110 employees.