Announced

The Engineered Stone Group to acquire F&D Group.

Synopsis

The Engineered Stone Group, an engineered stone products provider, agreed to acquire F&D Group, a Spanish manufacturer of engineered stone shower trays, washbasins and panels. Financial terms were not disclosed. "Together, the companies comprising the Engineered Stone Group offer the widest set of distinct product, brand, and service-level capabilities available in the engineered stone segment, while operating independently under the ES Group umbrella. We continue to see a significant opportunity to lead the material conversion to engineered stone over the long term, and F&D Group is an important element to enabling this development and building the ES Group's leadership in this space," Christopher Mahan, Engineered Stone Group Chairman.

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