Proteak Uno, S.A.P.I.B. De C.V. announced that it has received $7.6 million in funding from Finnfund.
October 08, 2014
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Proteak Uno, S.A.B. de C.V. announced that it has received $7.6 million in an equity round of funding on October 9, 2014. The transaction included participation from new investor, Finnfund. The company and the investor entered into an investment agreement on the same date. The company intended to receive $10 million in the transaction.
On October 9, 2014, Proteak Uno, S.A.B. de C.V. closed the transaction.
Proteak Uno SAB de CV (Proteak) is a Mexico-based forestry sector company. It operates through three business segments: Forestal, where the main activities are commercial forest plantations of teak located along Mexicoâs Pacific coast and in Colombia, as well as acacia plantation in Costa Rica; Operations, which involves marketing of semi processed timber; Trading which consists of the marketing of roundwood timber and the development of the commercial side of the Company without limiting the capacity of Operations segment. Proteak offers teak wood products, such as carts, cutting boards, counter tops, lumber, as well as flooring and decking products, among others. Proteak owns around 18000 planted hectares in total (mainly teak and eucalyptus). Assets are located in five countries and export activity is performed in three continents. In 2013, it acquired eucalyptus plantation, a shorter-cycle timber and a land plot as a basis for its new MDF (medium-density fiberboard) project.
PROTEAK UNO, S.A.B. DE C.V. 
