Mansfield Bought By Major Supplier From
Perrysville, OH The shareholders of
Organización Corona SA, a privately owned company based in
Colombia, have acquired ownership control of Mansfield Plumbing
Products LLC, corporate officials announced last month.
The acquisition, whose terms were not disclosed, is
part of Corona’s strategy for “aggressive global growth in the
plumbing products business,” the company said in its announcement
about making the purchase.
Corona is the leading sanitaryware manufacturer in
Colombia, with brand names including Corona and Mancesa, and
exports 51% of its sales to more than 20 countries throughout the
Americas and Europe, according to the company.
The 75-year-old Mansfield, headquartered in
Perrysville, OH, will report through Corona’s U.S.-based business
unit, Ceramicorp, Inc., according to the company.
Officials added that they “will focus on maximizing
the synergies between the U.S. and Colombian operations to expand
their combined market share in the Americas and to leverage their
Corona, established in 1935, manufactures and sells
sanitaryware, floor and wall tiles, ceramic electric insulators,
tableware, faucets and raw materials for the production of
In addition, Corona operates two retail chains: one
specializing in ceramic coverings for the kitchen and bath, and a
joint venture with the Chilean retailer Sodimac in the area of
do-it-yourself for home improvement.
Mansfield employs more than 750 people and has
domestic manufacturing and distribution centers in Perrysville and
Big Prairie, OH, Henderson, TX, and Fontana, CA. The company
distributes its products through plumbing wholesale and retail
channels to consumers, contractors, builders and commercial and
institutional end users.
“There are significant opportunities for reciprocal
learning and cultural enrichment between the two companies,” said
Julio Manuel Ayerbe, the CEO of both Corona and Ceramicorp. “We
look forward to a productive and rewarding relationship.”