Announced
Completed
Synopsis
The Cranemere Group, a holding company that partners with businesses for the long term, completed the acquisition of Acquabella, a European branded supplier of engineered stone shower trays and wall panels. Financial terms were not disclosed. "We are excited to join forces with Marmite as part of The Engineered Stone Group, and are confident that this partnership will benefit all of Acquabella's stakeholders. We are well positioned for sustained growth and continue to be focused on meeting the needs of customers and retailers. The expanded product line and enhanced scale of the group provides additional resources and capabilities without changing what makes Acquabella unique," Juan José Benavent, Acquabella CEO.
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