M&A Deal Summary

Engineered Stone Group Acquires Fiora

On September 13, 2021, Engineered Stone Group acquired building materials company Fiora from Royo Group

Acquisition Highlights
  • This is Engineered Stone Group’s 5th transaction in the Building Materials sector.
  • This is Engineered Stone Group’s 5th transaction in Spain.

M&A Deal Summary
Date 2021-09-13
Target Fiora
Sector Building Materials
Buyer(s) Engineered Stone Group
Sellers(s) Royo Group
Deal Type Divestiture

Target

Fiora

Nájera, Spain
website
Fiora is a manufacturer of resin shower trays, bathroom furniture, wall panels, washbasins, and other bathroom products, operating from a state-of-the-art manufacturing plant located in Nájera (La Rioja, Spain) and selling its products in over 30 countries. Fiora was established in 1987 and is based in Nájera, Spain.

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Buyer(S) 1

Buyer

Engineered Stone Group

United Kingdom

website

Category Company
Founded 2016
Sector Building Materials
DESCRIPTION

Engineered Stone Group provides material that unites natural stone with resins to produce a superior material. The Engineered Stone Group offers greater design freedom, a more luxurious feel, enhanced strength, and improved heat retention and acoustic properties.

DEAL STATS #
Overall 5 of 7
Sector (Building Materials) 5 of 7
Type (Divestiture) 1 of 1
Country (Spain) 5 of 5
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 Nuovvo

Redovan, Spain

Nuovvo is a fast-growing manufacturer of branded and private label engineered stone shower trays, panels, and countertops. Nuovvo offers customers a compelling combination of quality, value, and speed, combined with a commitment to innovation and design. Nuovvo was founded in 2011 and is located in Redován, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 MTI Baths

Sugar Hill, Georgia, United States

MTI Baths is a manufacturer of bathtubs, shower trays, and sinks. The business offers a wide range of award-winning bathtubs across its Boutique, Designer, and MTI BASICS lines, customized to the specifications of each individual customer. MTI Baths was founded in 1988 and is based in Sugar Hill, Georgia.

Buy -

Seller(S) 1

SELLER

Royo Group

Valencia, Spain

website

Category Company
Founded 1972
Sector Building Materials
Employees650
DESCRIPTION

Royo Group is a manufacturer and distributor of bathroom furnishings and appliances. The company produces quality products at competitive prices at its factories in Spain, Poland and Mexico, that are distributed through DIYs chains and the professional channel, as well as produced as an OEM for other bathroom product companies.

DEAL STATS #
Overall 2 of 2
Sector (Building Materials) 2 of 2
Type (Divestiture) 2 of 2
Country (Spain) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-20 RGIB

Valencia, Spain

RGIB is a manufacturer of bathroom products mainly focused on furniture and resin shower trays. The group has factories in Valencia, Nájera, and Poland and operates on five continents under the brands Royo, Elita, Maximus, and Fiora. RGIB is based in Valencia, Spain.

Sell -
Mergr

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