For the years ended December 31, 2015 y 2014
(In thousands of Mexican pesos)
Grupo Lamosa, S.A.B. de C.V. and its subsidiaries (the “Company”) are engaged in the manufacture of ceramic products for wall and floor coverings, adhesive for ceramic tiles and real estate projects for sale. The Company’s address is Avenida Pedro Ramírez Vázquez No. 200-1 Col. Valle Oriente C.P. 66269 San Pedro Garza García, Nuevo León, Mexico.
On May 4, 2015, the Company completed the sale of 100% of its interest in its Sanitaryware business after meeting applicable regulatory approvals, including the Federal Competition Commission. This transaction was announced on December 19, 2014, and as result, the Company classified the assets and liabilities to be disposed as held for sale and as a discontinued operation (see Note 19).