Organización Corona SA, a privately owned Colombian company, recently acquired Mansfield Plumbing Products LLC. Mansfield will report through Corona's U.S.-based business unit, Ceramicorp Inc. The acquisition of Mansfield is part of Corona's strategy for global growth in the plumbing products business. Corona's brand names include Corona and Mancesa. The company exports 51 percent of its sales to more than 20 countries throughout the Americas and Europe.

Corona's board has asked to retain Mansfield's management team. Kevin Oak will remain as president, reporting to David Abramowitz, chief operating officer of Ceramicorp, and Julio Manuel Ayerbe, CEO of both Corona and Ceramicorp.

Corona, with more than 7,000 employees, manufactures and sells sanitary ware, floor and wall tiles, ceramic electric insulators, tableware, faucets and raw materials for the production of ceramics. Founded in 1935, the company also operates two retail chains: one that specializes in ceramic coverings and kitchen and bath; and the other, a joint venture in the do-it-yourself home improvement market with the Chilean retailer Sodimac.