Round-up | NEWS
Roca acquires 75% stake in bathroom furniture company Royo Group
THE ROCA Group has taken a 75% stake in Royo Group, a bathroom furniture company based in Valencia.
The Royo family still holds 25% of the company’s capital, while Roca has purchased 62% from American fund HIG and a further 13% from Royo. Royo Group had a turnover of €95 million (£84m) in 2019 and employs 793 people across its three production plants in Spain and Poland and two innovation centres.
Roca will now have its global bathroom furniture development centre based in Valencia. This move is part of the
group’s specialised strategy centres to for set up different
product categories in the bathroom. Roca Group chief executive Albert Malgrans said: “With this alliance, we reinforce
the bathroom furniture
category, key in our sector, with the European leader, with whom we share
the business vision and with whom we have collaborated closely over the past 10 years. This merger will allow us to further increase our competitiveness in the bathroom space and achieve the world’s leadership in this segment.” Raúl Royo, CEO at Royo Group, said: “The agreement with Roca, one of the largest Spanish industrial groups and a leader in the bathroom business worldwide, will help us to jointly build an even more leading and innovative company, accumulating almost 150 years of history in the bathroom sector between the two families.”
This alliance, said Roca Group and Royo, will “create a world leader in bathroom furniture”. It will have a global turnover of more than €173m in the furniture segment and a production of close to two million units per year in nine production centres in Spain, Portugal, Poland, Czech Republic, Russia, China and Brazil.
Crown Imperial celebrates 75th anniversary with new video
UK-BASED KITCHEN, bedroom and home furniture manufacturer Crown Imperial is celebrating its 75th anniversary with a new video. The video tells the story of the company from its origins to the present day. Crown Imperial is now based in Herne Bay in Kent, but the story of the third- generation, family-run business started on April 1, 1946, when Len Head began to craft children’s toys in London. This soon developed into a range of nursery furniture, which it sold from a small
shop on Fulham High Street. The company moved to its current base in Kent in 1959 and diversified into kitchen furniture in 1980.
Crown Imperial attributes its success to the vision of the Head family, who it says have always looked to the future with continuous investment in cutting-edge manufacturing technology and a product development strategy to deliver “an inspirational palette of versatile home furniture solutions”. Crown Imperial managing director Barry Head commented: “We are truly delighted to be celebrating such a significant landmark – 75 years is such an incredible achievement as a British furniture manufacturer. To mark the special occasion, we are launching a new video that encapsulates the extraordinary journey from humble beginnings to 75 years of British manufacturing excellence. We would like to extend our appreciation to all our dedicated staff, retailers, suppliers and our customers for being part of our Crown story”.
February 2021 · 9
changeis a thing
It’s the end of an era. Kubus - our most popular sink range - is being replaced by the stunning new Mythos design. Sleek and minimalist, its round fl ush waste cover gives Mythos a smoother base and protects pots and glasses.
Also available as an undermount, the fl ushmount Mythos has a seamless 6mm rim to integrate perfectly with the work surface. Either way, it’s sure to add something wonderful to any kitchen.
Make it wonderful at
franke.co.uk
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