Estudio Garrido

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Estudio Garrido Advised on the Sale of 100% of Crilen S.A.’s Share Capital to Guatemala’s Grupo Solido

Estudio Garrido, through its partners Diego M. Garrido and María Marta Cancio, and associates Marcos Vidiri and Angélica Armellini, advised the sellers in the sale of 100% of the share capital of Crilen S.A., an Argentine producer of polymers and specialty chemicals for industrial applications, to Grupo Solido of Guatemala.


The transaction, completed in May 2026, included the transfer of the business, encompassing its assets, contracts, and operations in Argentina and other Latin American markets, and marks the Guatemalan group’s entry into the Argentine market.

Crilen S.A.: Four Decades of Industrial Experience
Crilen S.A. is an Argentine industrial company engaged in the production of polymers and specialty chemicals for industrial applications, with more than four decades of experience in the domestic and Southern Cone markets. Its activities include:

• Development and production of acrylic polymers
• Manufacture of alkyd resins
• Supply of inputs for the paints, coatings, textile, and graphic arts industries
• Distribution and representation of related raw materials and products

The company operates two manufacturing facilities, located in El Talar de Pacheco (Buenos Aires Province) and San Luis Province, with a production capacity of approximately 2,000 metric tons per month and a workforce of more than 100 employees.

Grupo Soliod: A Multilatina Leader in Paints and Coatings
Founded in Guatemala in 1955, Grupo Solido is one of the leading manufacturers of paints and coatings in Central America, with manufacturing and commercial operations in fifteen countries.

The acquisition of Crilen represents Grupo Solid’s first investment in Argentina and provides the company with a new manufacturing platform in South America, complementing its presence across Central America, the Caribbean, and the Southern Cone.

The acquiring group has indicated that it intends to continue Crilen’s operations and retain its workforce as part of a long-term growth strategy in Argentina.
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