Mansfield Plumbing Sold To Columbian Firm
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.