Norcros To Acquire Fibo Group For C. £45 Million

Norcros of Wilmslow buys Norway’s Fibo in £45m deal – Northern Financial Review

Norcros, the Wilmslow, Cheshire-based bathroom products business, has agreed to acquire Norway’s Fibo Holding AS from FSN Capital for an enterprise value of £45 million. In addition to the acquisition’s enterprise value, there will be a long-term incentive and retention scheme for Fibo CEO Anders Carlson and key Fibo personnel of up to £3.5 million. “Fibo Group is a leading supplier of high-quality waterproof, decorative wall panels,” said Norcr…

Norcros To Acquire Fibo Group For C. £45 Million

Norcros plc (LON:NXR), the number one bathroom products business in the UK and Ireland, has announced that it has today entered into an agreement for the acquisition of the entire issued share capital of Fibo Holding AS from FSN Capital for an Enterprise Value of NOK 618m (c. £45m). Fibo Group Fibo Group is a leading supplier of high-quality waterproof, decorative wall panels. The business was founded in 1952 and has a modern production facility…