The multinational company Roca acquires the Royo Group
The alliance will create a world leader in bathroom furniture
Mio by Royo.
Spanish Roca Group has signed the acquisition of a 75% stake in Royo Group, a Valencia based bathroom furniture company and European leader in the manufacturing of bathroom furniture. Roca has purchased 62% from American fund HIG and the Royo family still holds 25% of the company´s capital.
This alliance between Roca Group and Royo will create a world leader in bathroom furniture, with a global turnover of more than 173 million Euros in the bathroom furniture segment and a production of close to two million units per year in nine production centres, located in Spain, Portugal, Poland, Czech Republic, Russia, China and Brazil.
Roca, one of the largest Spanish Industrial groups consolidates its position as leader in the bathroom business worldwide with this merger, increasing its market share and competitiveness in the bathroom space, in a segment that complements the ceramic sanitary ware. The move is part of the Roca Group strategy to set up specialized centres for different product categories in the bathroom sector. Royo Group will become the research and development hub for Roca Group in the bathroom furniture product category, at the same time it will continue with the commercial development of its brands.