Blanchon Group Acquires Debal Finance (Ciranova)
June 4, 2021
Blanchon Group has acquired Debal Finance (operating as the Ciranova brand), a Belgian family-owned manufacturer of finishing products for parquet and wood flooring that generates approximately €15m in turnover and employs about 60 people. The deal — executed as an add-on to Blanchon (which is backed by PE firm Abenex) — expands Blanchon's international footprint (adding operations in Belgium, the United States and China), strengthens its R&D and UV technology capabilities, and accelerates its strategy to become a European leader in wood and vinyl flooring protection and maintenance.
- Buyers
- Blanchon Group, Abenex
- Targets
- Debal Finance (Ciranova)
- Platforms
- Blanchon Group
- Industry
- Building Products
- Location
- Belgium
- Transaction Type
- Addon
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