Cuatrecasas advises Grupo Halcón on acquiring industrial assets of Cicogres

July 7, 2021

Cuatrecasas advised Spanish ceramic tile producer Grupo Halcón on acquiring—through insolvency proceedings—the industrial assets of Cicogres, a Castellón-based ceramic tile producer, with a track record of innovation over more than 30 years of operations.

The acquired assets include five modern production lines with large format capabilities, the brand and catalog of Cicogres, as well as the transfer of the company’s current workforce of 166 employees to Grupo Halcón.

Joint teams from the Cuatrecasas Barcelona and Valencia offices advised on the transaction, led by Javier Sánchez and Alejandro Payá, with the participation of Víctor Caballero and Álvaro Cuesta (Litigation and Arbitration); Xavier Morera and Jordi Vergoni (Corporate and Commercial); Victoria Villanueva and Andrés Bolás (Labor and Employment); and Carlos Ramírez (Tax).

This transaction will strengthen the leadership of Grupo Halcón in the global ceramic tile industry, increasing production capacity by 10 million square meters per year, to a total of approximately 50 million square meters—thanks to its 21 production lines (including two new production lines)—and generating sales exceeding €250 million across its three brands.

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