Roca Group has finalised the acquisition of 75% from Royo Group, the European leader in the manufacture of bathroom furniture and a subsidiary of Invext. Roca has purchased a 62% stake from the US fund HIG Capital, and the Royo family will retain a 25% stake in the company.
Royo Group has three production plants in Spain and Poland, and two innovation centres. The company manufactures around one million bathroom units annually, with a turnover of €95 million in 2019 and a workforce of 793 people.
With this operation, Roca Group and Royo are jointly creating one of the world leaders in bathroom furniture, with a global turnover exceeding €173 million in this segment and an annual production of close to two million units across nine production centres located in Spain, Portugal, Poland, the Czech Republic, Russia, China, and Brazil. Furthermore, the Roca Group is consolidating its leadership position in the creation of bathroom spaces, increasing its market share in an activity complementary to sanitary porcelain. Roca Group was advised by Alantra and the law firm Broseta for this transaction, which is pending approval from the competition authorities in Germany and Poland.
Within the framework of Roca Group's strategy to set up specialised centres of competence for different product categories in the bathroom sector, Royo Group will become the development hub for the furniture segment for Roca Group, while continuing with the commercial development of its own brands.
According to Albert Magrans, CEO of Roca Group, “with this alliance, we are strengthening the bathroom furniture category, which is so important in our sector, with the European leader with whom we share a business vision and with whom we have collaborated closely over the last 10 years. This union will allow us to further increase our competitiveness in the bathroom space, and also achieve global leadership in this segment.”.
For their part, Raúl Royo, CEO of Royo Group, highlights that it is “a great strategic alliance through a joint venture between both companies, which reinforces the maximum possible commitment between both parties”. “The agreement with Roca, one of the largest Spanish industrial groups and a world leader in the bathroom sector, will help us to jointly build an even more leading and innovative company, accumulating almost 150 years of history in the bathroom sector between us,” he adds.
The Roca group operates in 170 countries with 81 production centres and a workforce comprising 24,000 professionals worldwide. In 2019, it registered a turnover of 1,861 million euros.
About ROCA GROUP
Roca Group is a company dedicated to the design, production and marketing of products for the bathroom space, as well as ceramic floor and wall tiles for architecture, construction and interior design. The Spanish family group is the market leader in Europe, Latin America, India and Russia. In addition, it has a strong presence in China and the rest of Asia, the Middle East, Australia and Africa. Thanks to this, it is a world leader in its sector.
About ROYO GROUP INTERNATIONAL BATHROOM
Founded in 1972, RGIB is the largest European manufacturer of bathroom furniture and a leader in countries such as Spain, France, Poland and Italy. The company exports its production to over 70 countries.
