Norcros completed the acquisition of Fibo from FSN Capital for $61m.

Norcros, a supplier of bathroom and kitchen products, completed the acquisition of Fibo, a manufacturer of wall panels for bathrooms and other laminated products, from FSN Capital, a private equity firm, for $61m. "We are delighted that the transaction has cleared this final regulatory hurdle and can now be completed. This strategically compelling acquisition will give Norcros a strong platform to accelerate our geographic expansion across Scandinavia and Central Europe for both Fibo and our existing brands. We welcome our new Fibo colleagues to the Norcros team and we are looking forward to working together on our shared growth plans for the region," Thomas Willcocks, Norcros Chief Executive Officer.