Royo Group, S.L. has acquired Fiora Bath Collections, S.L.
Royo Group, S.L., the Spain-based producer of bathroom furnishings and appliances, has acquired Fiora Bath Collections, S.L. for US$44 million. This is the group's first acquisition after the entrance of HIG within its shareholding structure to consolidate its leading position in the sector.
Royo Group, a multinational firm specialising in bathroom furnishings and appliances (hydro massage baths, shower columns and trays), is considered the third largest bathroom furniture company in Europe and the leader in Spain. The company has 650 employees at its factories in Quart de Poblet (Valencia, Spain), Sztum (Poland) and Mexico City (Mexico).
Based in La Rioja, Fiora Bath Collections has a well-recognised brand in the market and is the European leader and pioneer in the manufacturing of resin shower trays. Fiora has a 26,000 m2 factory and 80 employees, and has reported revenues of over US$27 million in 2016.
Oaklins' team in Spain advised the buyer in this transaction.
Talk to the deal team
Related deals
Hemink Groep has been acquired by Gimv
Gimv has acquired a majority stake in Hemink, a Dutch specialist in real estate renovation and maintenance. This transaction marks a new chapter for Hemink, as it seeks to expand its position as a national leader in sustainable property services through its new partnership with Gimv.
Learn moreOGD has been sold to Building Beyond Technology Group
Building Beyond Technology Group (BBTG) strengthens its position in the IT sector by welcoming OGD IT-Dienstverlening (OGD) to its platform. With over 1,400 employees, OGD is an established name in the Dutch market as a mission-critical IT service provider for large-scale clients. This addition not only increases BBTG’s scale but also enhances its domain expertise and execution capabilities through close cooperation with the other platform companies.
Learn moreThe Providence Projects has been acquired by UKAT Group
Celebrity-success rehabilitation center, The Providence Projects, has joined The UK Addiction Treatment (UKAT) Group, backed by Sullivan Street Equity Partners.
Learn more