Norcros to acquire Fibo from FSN Capital for NOK618m.

Norcros, a supplier of bathroom and kitchen products, agreed to acquire Fibo, a manufacturer of wall panels for bathrooms and other laminated products, from FSN Capital, a private equity firm, for NOK618m. "Becoming part of Norcros opens up new opportunities, including access to greater resources and the chance to learn from and collaborate with new colleagues. Most importantly, Fibo will be able to grow, innovate, and expand its reach to serve more customers around the world. We are thankful for a valuable partnership with FSN Capital IV, which has been key to the successful development of Fibo into an international company with significant potential to scale," Anders Carlson, Fibo CEO.