Acquisition in the Mexican Heat Treat Industry

“Especialidades Termicas, S.A” (ETSA Group) is a family owned commercial heat treater with several locations around the country. Several years ago Gord Montgomery of “The Monty” visited this firm and did a complete report, a report which can be found at https://themonty.com/etsa-group-mexico/.


Attached are pictures of the plant and the celebration dinner that closed the deal. From left to right: Leonardo Cárdenas (Plant Manager), Mario Fabián Méndez (Executive Director), Constantino Alcantara (Board Member), Gerardo Cárdenas (Founder and previous owner of Termproces), Mario Méndez (Founder and President of ETSA), Carlos Díaz (Board Member), Berenice Méndez (Partner). Eugenia Vogel (previous owner of Termproces) and Delia Diaz (Partner).
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