The Engineered Stone Group Acquires Fiora and Nuovvo

The Engineered Stone Group Acquires Resiblock (Spain)

October 17, 2022

Building Products

The Engineered Stone Group (an enterprise created by The Cranemere Group) has agreed to acquire the assets of Resiblock S.L., Baniana Bath S.L. and Bold The Solid Company S.L., a Spanish manufacturer of engineered stone and solid-surface shower trays and washbasins. The acquisition is an add-on to ES Group’s bathroom-products platform to expand manufacturing capacity, broaden product offerings and strengthen its presence in Southern Europe; financial terms were not disclosed.

Engineered Stone Group Acquires MTI Baths and Aquatica

March 1, 2022

Building Products

The Engineered Stone Group (established by The Cranemere Group) acquired US-based MTI Baths and Europe-based Aquatica to expand its engineered stone and hydrotherapy bathing footprint in North America. The deals bring MTI's Sugar Hill, Georgia manufacturing and Aquatica's high-end solid surface/DTC capabilities into the ES Group portfolio, with both brands continuing to operate independently under existing management.

Italcer Group Acquires Ceramica Fondovalle

October 10, 2022

Building Products

Italcer Group, a portfolio company of Miura Partners and Mindful Capital Partners, has acquired Ceramica Fondovalle, a long-standing Italian producer of large-format porcelain slabs. The add-on strengthens Italcer's product offering in large slabs and is expected to help the group reach around €370 million in revenue in 2022; Fondovalle reported ~€50 million in turnover for 2022.

Roca Acquires RG International Bathroom's Bathroom Furniture Division from H.I.G. Capital and the Royo Family

January 20, 2021

Building Products

Roca Sanitario S.A. has agreed to buy the bathroom furniture division of RG International Bathroom (RGIB) from H.I.G. Capital and the Royo family. The Royo family will retain a minority stake in the sold division while H.I.G. and the Royo family will remain shareholders in RGIB's shower tray business (Fiora); the deal is subject to antitrust approvals in certain European markets.

Orano Projets Acquires INEVO

May 2, 2022

Engineering Services

Orano Projets, a division of the Orano group, has acquired INEVO, a French process engineering firm specializing in process engineering, industrial performance optimization and AI-driven simulations for healthcare, pharmaceuticals, fine chemicals, biotechnology and cosmetics. The acquisition (INEVO employs ~50 people across Lyon, Rouen and Grasse) strengthens Orano Projets' capabilities and positioning in process industries and accelerates its expansion into health and pharmaceutical markets.

Nemo Tile + Stone Acquires Tile Market of Delaware

June 1, 2022

Building Products

Nemo Tile & Co., LLC, a Saw Mill Capital portfolio company, has acquired Tile Market of Delaware, a regional tile and stone distributor founded by the Watson family. The acquisition expands Nemo's presence into the mid-Atlantic market and adds proprietary brands, an online marketplace and stone fabrication capabilities to support retail, contractor and wholesale customers.