Houlihan Lokey Advises The Engineered Stone Group

Houlihan Lokey is pleased to announce that The Engineered Stone Group (The ES Group) has acquired the assets of Forms and Design in Shower Tray and Akire Style (together, “F&D Group”), a leading Spanish manufacturer of engineered stone shower trays and panels.

The ES Group is a leader in the production of engineered stone bathroom products, a growing segment within the broader bathroom products market. The company provides a broad offering of brands and high-quality products, coupled with a commitment to outstanding customer service and the scale to invest in continued product innovation. Led by CEO Brian McCluskie, The ES Group comprises Acquabella, a leading premium branded supplier of engineered stone shower trays and wall panels; Marmite, a leading European private-label manufacturer of basins, bathtubs, and shower trays made from engineered stone; and now, F&D Group, a leading Spanish producer of branded and private-label shower trays and panels. The company was established by The Cranemere Group.

F&D Group is a leading provider of engineered stone shower trays, wall panels, and floor panels across Europe. Headquartered in Alicante, Spain, the business offers branded and private-label products at outstanding value, quality, and speed. Their products combine mineral stone with high-quality resins, resulting in a unique product with enhanced capabilities (relative to traditional materials) that is luxurious, elegant, durable, and naturally antibacterial.

With a track record of manufacturing high-quality products, F&D Group has established itself as a leading supplier for a diversified base of retail and wholesale customers in Southern Europe. F&D Group will maintain its headquarters in Alicante and continue to operate independently as a member of The ES Group. The business will maintain its existing manufacturing locations and employees and continue to serve its valued customers as it does today.

The Cranemere Group is a holding company focused on partnering with industry-leading operating teams in essential industries to build high-quality businesses for the long term. The firm provides patient capital, business building expertise, and global networks to support the growth of its companies and create value for all its stakeholders. The Cranemere Group is headquartered in London and has offices in New York and Washington, D.C.

Houlihan Lokey served as the exclusive buyside M&A and financing advisor.