Adequa is a leading manufacturer of plastic piping systems for water conduction in Spain with over 100 years of market presence and a well recognised brand
Adequa was the piping system division of Coemac, a leading player in the building materials sector
In 2017, DC Advisory (DC) advised Coemac in the divestment of Pladur, a leader in the Iberian plasterboard market
Molecor is a premium molecular orientation technology company and a manufacturer of PVC-O pipes and fittings for the transportation of pressurised water
Opening in 2006, its exponential growth and continuous improvement of products, processes and unique offering as a manufacturer of technology, PVC-O pipes and fittings has made Adequa a global leader in its sector
In September 2020, MCH Private Equity acquired a majority stake in Molecor through a capital raise
Process
DC was engaged by Coemac in 2019 to provide sell-side M&A advice to support the sale of Adequa
In a complex process – which involved insolvency proceedings - DC provided comprehensive financial and strategic advice to Coemac, attracting a number of candidates in a competitive process
Outcome
On September 30, Molecor completed the process of acquiring Adequa
Following this acquisition, Molecor has tripled its previous turnover and become one of the leading companies in the Spanish pipeline market
