Mabe Completes Atlas Acquisition

A Mexican company has completed its purchase of Costa Rican appliance manufacturer Atlas Eléctrica.

Mabe acquired 99.13% of Atlas’ common stock and 96.83% of its preferred stock for a total of close to $72 million.

The acquisition, which was proposed in October and approved by Atlas’ shareholders that same month, will become effective once the Superintendence of Securities (SUGEVAL) approves it.