HIG Capital sells Fiora to The Engineered Stone Group
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.”