Portugal’s Largest Bathroom Company Acquired

Portugal’s Largest Bathroom Company Acquired

On the 17th of December, Sanindusa, one of Portugal’s leading bathroom company, underwent a change of ownership. Its shareholders, the four families Amaro, Batista, Oliveira and Veiga, through S Zero Cerâmicas de Portugal, have acquired the remaining 56% of the company from the four remaining families (Amaral, Rodriguez, Silva and Ribeiro). Previously, the Amaro, Batista, Oliveira and Veiga families held a joint 44% stake. The acquisition will be completed with a 100% holding.

The acquisition was negotiated over a period of two years due to the epidemic. During this time, the company received an investment from a fund owned by Iberis Capital. This fund currently holds a 10% stake.

Sanindusa was founded in 1991 and is one of the main players in the Portuguese bathroom market. They are export-oriented and export 70% of their products. They have grown through organic and acquisitive growth. Sa 2003, the Sanindusa Group acquired the Spanish bathroom company Unisan, followed by the establishment of a wholly-owned UK subsidiary, Sanindusa UK Limited, sa 2011.

Sanindusa currently has five factories and employs over 460 mga tawo. It covers sanitary ceramics, acrylic bath and shower trays, and tap fittings.