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Lupatech SA Sells Metalurgica Ipe to Duratex SA


Tuesday, 2 Oct 2012 09:14am EDT 

Lupatech SA announced that it signed on October 1, 2012 the contract for the sale of a 100% stake in the share capital of Metalurgica Ipe (Ipe) with Duratex SA (Duratex). The value of the transaction equals BRL 45 million. The Mipel brand will remain under the Company's ownership and Duratex will only be awarded the right to use it for the line of valves made of brass produced in Jacarei, Sao Paulo State, Brazil, for the period of up to two years. 

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