M&A Deal Summary

Gimi Acquires Framar

On September 1, 2010, Gimi acquired construction company Framar

Acquisition Highlights
  • This is Gimi’s 1st transaction in the Construction sector.
  • This is Gimi’s 1st transaction in Spain.

M&A Deal Summary

Date 2010-09-01
Target Framar
Sector Construction
Buyer(s) Gimi
Deal Type Add-on Acquisition

Target

Framar

Costa Mezzate, Spain
Framar, an Italian competitor in the household goods space established in 962 and located in Mombello Monferrato, near Alessandria in Piedmont.

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Buyer(S) 1

Buyer

Gimi

Monselice, Italy

Category Company
Founded 1970
Sector Consumer Products
Employees289
Revenue 80M EUR (2015)
DESCRIPTION

Gimi SpA is a manufacturer of laundry care products, especially ironing boards and laundry dryers, and has a strong position throughout Europe. The company was established in 1970 and has operated internationally for decades – it is currently active in more than 80 countries.


DEAL STATS #
Overall 1 of 1
Sector: Construction M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Spain M&A 1 of 1
Year: 2010 M&A 1 of 1