An affiliate of global alternative asset management firm HIG Capital (HIG) has sold Fiora Bath Collections to The Engineered Stone Group (ES Group).
Fiora is a leading manufacturer of resin shower trays, bathroom furniture, wall panels, washbasins, and other bathroom products, operating from a state-of-the-art manufacturing plant located in Nájera (La Rioja, Spain) and selling its products to over 30 countries.
Fernando Soriano, CEO of Fiora, says: “We would like to thank HIG for their close and trusting support and their strategic guidance over the last four years. Together, we have strengthened Fiora’s position as a leading shower tray manufacturer in Europe. HIG has been a true partner for the management team, significantly supporting us in professionalizing the Company and pursuing an ambitious growth strategy.”
Jaime Bergel, Managing Director of HIG Spain, says: “We are delighted to have supported Fiora in its transformation, and its successful growth path towards a true European market leader. The Company is now perfectly positioned for further growth on a global scale and we wish the management team continued success in the future.”
