Norcros plc has acquired Fibo Holding AS for an undisclosed amount. Fibo Holding AS is widely recognized as Europe's leading supplier of high-quality, waterproof wall systems, a sector that offers innovative alternatives to traditional tiling solutions.
Founded in 1952 and manufactured in Norway, Fibo's wall panels are distributed across Europe and North America. The company's products are renowned for being easier to install, more affordable, and more eco-friendly than ceramic tiles. They provide a 100% watertight solution, certified under the Norwegian wet room standard, and come with a 15-year warranty. Fibo's panels facilitate quick installation, feature modern Scandinavian designs, and are made from certified timber, making them a sustainable choice for bathrooms, kitchens, and various commercial and residential projects.
This acquisition is strategically significant for Norcros plc, allowing it to broaden its product portfolio within the building materials sector. Fibo’s specialist waterproof wall systems complement Norcros’s existing offerings and provide an entry into an adjacent, growing market segment focused on efficient and sustainable construction solutions. The addition of Fibo’s established European and North American distribution channels also presents opportunities for geographic expansion and market penetration.
Expected synergies include leveraging Fibo's advanced manufacturing capabilities and innovative product development alongside Norcros's market reach and operational expertise. The combined entity aims to strengthen its position as a comprehensive provider of interior finishing solutions, offering customers a wider array of high-performance and environmentally conscious products.
The integration of Fibo is anticipated to drive continued growth and enhance the overall value proposition for customers seeking durable, stylish, and practical wall solutions in both renovation and new build projects.