Water storage and piping products provider Grupo Rotoplas SAB de CV of Mexico City has acquired HiTech Irrigation de México S de RL de CV of Tecomán, Mexico, in the state of Colima. Terms were not disclosed.
Rotoplas brand Rieggo, which launched in October 2020 as a 50-50 joint venture between Rotoplas and Renewable Resources Group Solutions México S de RL de CV, has absorbed HiTech.
The acquisition "supports the brand's plan for sustained growth over the coming years," Rieggo Director Eduardo Carrillo said in a news release. HiTech has 30 years' experience in irrigation systems, he added.