Orbia Advance Corporation, S.A.B. de C.V. (BMV:ORBIA *) is looking for acquisitions. Sameer S. Bharadwaj, Chief Executive Officer said, "we are executing on our growth strategy by investing in geographic expansion, innovation and bolt-on acquisitions across our businesses. We will continue to prioritize organic growth and strategic bolt-on acquisitions while maintaining the company's day-to-day investments in operational excellence and ESG. We will remain disciplined in navigating short-term issues while coming through to deliver sustainable growth for all those we serve". James P. Kelly, Senior Vice President and Chief Financial Officer said, "in summary, we have a very healthy balance sheet that provides us with broad options to invest for growth organically and via bolt-on acquisitions as well as to return cash to shareholders".
Orbia Advance Corporation SAB de CV, formerly Mexichem SAB de CV, is a Mexico-based company engaged in the industrial sector. The Companyâs activities are divided into five business groups: Precision Agriculture, Building & Infrastructure, Fluor, Data Communication and Polymer Solutions. The Precision Agriculture business includes Netafim brand, which develops irrigation systems and related services, as well as offers technology for farming digitalization. The Building & Infrastructure business offers pipes for multiple building applications through Wavin brand. The Fluor business operates Koura brand, which manufactures fluorine-based materials used in such industries as healthcare, construction and transportation. The Data Communication business is responsible for production and installation of communication and power cables through Dura-Line brand. The Polymer Solutions business includes vestolit and alphagary brand names, which provides plastic resins and other compounds.