logo
logo

H.I.G. Capital Completes Strategic Investment In Virutex Ilko

Jun 03, 2022•about 3 years ago
BogotáNatural Resources

Description

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with over $49 billion of equity capital under management, is pleased to announce that one of its affiliates has completed the acquisition of a majority stake in Virutex Ilko (“Virutex” or the “Company”), a leading cleaning products and kitchenware manufacturer in Latin America. The founding shareholders of Virutex will remain as significant shareholders in the Company alongside H.I.G. Virutex’s current senior management team, led by CEO Juan Martin Monsalve, will continue to lead the Company

Company Information

Company

Virutex

Location

Bogotá, Bogotá, Colombia

About

Founded over 75 years ago, Virutex is one of the leading providers of disinfecting, cleaning, and kitchenware products in Latin America. The Company has an extensive regional footprint, with direct operations in Chile, Colombia, Peru, Argentina, and Mexico, and indirect presence in over 20 countries worldwide. Virutex has over 1,500 employees, and four production plants (two in Chile, one in Colombia, and one in Peru). The Company has a comprehensive and diversified portfolio of over 2,000 products, and has longstanding relationships with blue-chip and large multinational retailers in Latin America. Moreover, Virutex has a strong sustainability focus, and is a certified B-Corp. For more information, please visit https://www.cocinailko.cl/.