January 2018: Royo Group acquires Fiora Bath Collections, a company specialized in the manufacture of resin shower trays.
Royo Group, the Spain-based maker of bathroom furnishings and appliances, has carried out its first acquisition after the entrance of HIG within its shareholder structure to consolidate its leading position within the European bathroom furnishings and appliances sector.
Based in La Rioja, Fiora Bath Collections has a well-recognised brand in the market and is the European leader and pioneer in manufacturing of resin shower trays. Fiora, which has a 26,000 square metre factory and 80 employees, contributes with more than €27 million of revenue to Royo Group.
SOCIOS advises Royo Group on the design, negotiation and closing of the transaction.