On a pro forma basis, considering KOF's last twelve months (LTM) EBITDA as of June 30, 2011 and incorporating Grupo Tampico and Grupo CIMSA transactions, net debt to EBITDA should approximate to 0.
Grupo CIMSA operates mainly in the states of Morelos and Mexico, and covers some territories in Guerrero and Michoacan.
As president of CIMSA, he successfully built the company into a global leader in the parachute industry.
BRS and CIMSA recently entered into a partnership agreement to jointly develop new and existing parachute systems aimed at advancing the two companies' shared technology in the global aerospace market.
These forward looking statements include, without limitation, statements relating to the benefits to be derived by BRS from its partnership with CIMSA.
Over the last several months, BRS and CIMSA have worked together to establish a strategic business relationship to build on the manufacturing agreement we signed in February.
For over ten years, CIMSA has focused on quality products, services and built strong alliances through relationships with successful organizations worldwide," said, Fernando Caralt, President of CIMSA, "This is an important development for both companies.
We will learn new manufacturing techniques from CIMSA which can only help us with our own product mix, while CIMSA gains an additional partner as it gains momentum for their products in the Latin American and US markets," BRS CEO Larry Williams said.
BRS and CIMSA are very complementary in terms of products and corporate structure.
is a part of the Sabanci Holding Cement Group preparing to make investments worth 200 million USD in the next five years and one that uses 170,000 kilograms of waste materials as alternative fuel on a daily basis, Hacikamiloglu said.