FSN Capital has signed an agreement to acquire Fibo-Trespo AS and Respatex International Ltd (jointly “Fibo-Trespo”) from Byggma Group AS, following an exclusive, off-market process. Management will invest alongside FSN Capital and become significant shareholders going forward.
Fibo-Trespo is the Nordic market leader within the wet room panel segment. The company offers a wide portfolio of high quality products and has won several awards for its lean production.
Founded in 1952, Fibo-Trespo has developed from a local producer of panels to the undisputed Nordic market leader. Based in Lyngdal, Norway, the company employs around 110 people. Combining new innovative product launches with international sales focus, Fibo-Trespo has delivered organic sales growth of 12% CAGR over the last seven years. In addition to strong growth in its Norwegian home market, Fibo-Trespo has also become an international success story in markets such as the UK, Sweden and the Netherlands. For more information, please visit: fibo-trespo.no
“FSN has been impressed by the sales development and lean production set-up and we are excited to support management in the coming years. We see a lot of potential in internationalizing the business and we look forward to working closely with management in realizing the company’s long term potential” says Ulrik Smith, Partner at FSN Capital Partners AS.
CEO of Fibo-Trespo, Torfinn Knutsen, says: “FSN has a strong track record internationalizing companies and I look forward to working together in growing the company further”.
Former CEO of Kongsberg Automotive, Olav Volldal, will become chairman of Fibo-Trespo.
Haavind, PwC, Deloitte, White & Case and Bain & Company acted as advisors to FSN Capital in connection with the transaction.
The transaction is subject to inter alia regulatory approvals from the competition authorities.
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