On 1 June, 2021 BME Group completed the acquisition of the Grupo BMV, a market leading supplier of interior finishing building materials with 36 distribution centers across Spain, operating the brands Isolana, La Especialista, Isopractor and La Instaladora. The intention to acquire this group was announced on 15 April, 2021.
With this acquisition, BME Group’s geographical coverage will expand with a strategic foothold in the attractive Spanish market, enabling continued innovation and further market consolidation across its operations as well as entry into the insulation growth market. We can now officially welcome our colleagues of Grupo BMV to the BME Group and we look forward to the cooperation with the team under the leadership of Josep Suriñach.
Financial details of the transaction will not be disclosed.
Strong first half year performance driven by a strong market, delivery on strategic initiatives and value accretive bolt-on acquisitions
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