Duratex S A : 11/16/2020 Notice to the Market - Transactions between Related Parties
November 16, 2020 at 04:51 pm EST
Share
CNPJ 97.837.181/0001-47
A Publicy Listed Company
ANNOUNCMENT ON TRANSACTIONS BETWEEN
RELATED PARTIES
Pursuant to the provision in CVM Instruction 552/14 (Attachment 30-XXXIII),Duratex S.A. announces the execution of the following transactions between related parties:
Name of the Related Parties
Duratex S.A. (Seller) and Leo Madeiras,
Máquinas & Ferragens Ltda. (Purchaser).
Relations with the issuer
Members of the Ligna Block, participant in the
Controlling Group of Duratex S.A., holds the
direct shareholding control of Leo Madeiras.
Transactions period
From January 1st, 2020 to December 31, 2020
Contract purpose
Sale of wood panels.
Principal terms and conditions and
Repeat commercial transactions for supply of
amounts involved
wood panels for sale to the domestic market.
From July 30 to November 9, 2020, aggregate
sales totaled R$ 50,766,735.53.
Justification of the reasons for which the
The management of Duratex S.A. understands
issuer's
management
deems the
that the commercial transactions with Leo
transaction to have been conducted on
Madeiras, a long-standing client, have been
the basis of arm's-length conditions or
conducted on the basis of arms-length
provides
for adequate
compensatory
conditions and provide for adequate
payment
compensatory payment, given that sales were
made under normal market conditions pursuant
to the commercial policy of Duratex S.A.
These transactions have been examined and
approved by the Committee for Evaluation of
Transactions with Related Parties of Duratex
S.A., comprising of, and chaired by,
independent directors.
Eventual participation of the counterparty,
Not applicable.
its partners or managers in the decision-
making process of the transaction or
negotiation of the transaction as
representatives of the issuer, describing
this participation
São Paulo (SP), November 16, 2020.
Carlos Henrique Pinto Haddad
Investor Relations Officer
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original document
Permalink
Disclaimer
Duratex SA published this content on 16 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2020 21:50:03 UTC
Dexco SA, formerly known as Duratex SA, is a Brazil-based company primarily engaged in the manufacture of wood panels. The Company operates in three business segments: Wood, Deca and Ceramic Tiles. The Wood division is responsible for the production of hardboard; medium density particle (MDP) panels; medium, high and super density fiberboard (MDF, HDF and SDF) panels; laminate flooring, named Durafloor, and components for the furniture industry. The Deca division focuses on the production of sanitary ceramic and metal products under Deca and Hydra brand names. The Ceramic Tiles division produces polished porcelain tiles, special coatings and other tiles under Ceusa and Portinari brand names. The Company operates industrial plants and commercial branches in Brazil, Colombia, Peru and the United States, among others.
DEXCO S.A. 
