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New Deal


Announced

Completed

The Engineered Stone Group completed the acquisition of MTI Baths and Aquatica.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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bathtubs

Majority

Single Bidder

Acquisition

Completed

United States

Building Materials: Other

Domestic

Friendly

Private

Synopsis

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The Engineered Stone Group, a company specializing in engineered stone products, completed the acquisition of MTI Baths, a producer of engineered stone, and Aquatica, a brand producing surface bathtubs. Financial terms were not disclosed. "The acquisitions of MTI and Aquatica significantly expands our ability to serve North American customers with leading brands, capabilities and expertise. We are steadfast in continuing their commitment to innovative design and materials, excellent products and leading customer service. We are excited to expand our position to North America. The combination of these leading specialty bathtub and hydrotherapy brands in the US with the ES Group's European products, technology and scale creates a powerful set of capabilities to meet the needs of US customers," Brian McCluskie, ES Group CEO.

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