Official closing of Maxmat acquisition
Today (1 September 2021) BME Group completed the acquisition of the remaining 50% of the share capital in Modelo – Distribuição de Materiais de Construção S.A. (“Maxmat”) from Sonae MC, which will enable BME Group to further strengthen its position in the Iberian market. The intention to acquire the 50% share was announced on 25 May 2021.
Maxmat is focusing on the renovation segment of the market, active in the do-it-yourself, construction, bath, and garden categories. This acquisition supports BME Group’s plan to create a growth platform in the Iberian market after our recent acquisition of Grupo BMV in Spain.
Financial details of the transaction will not be disclosed.
BME Group completed the divestment of Raboni branches in Normandy
On 1 October 2021, BME Group (BME) completed the divestment of 12 branches in Normandy, part of BME France. The divestment of these branches to Point P allows Raboni (GBM) […]
BME Group expands its footprint in the Spanish market with acquisitions of Yesyforma and Planasdis
Today (1 October 2021) BME Group announces the acquisitions of Planasdis Girona, SL (Planasdis), closed on 1 August 2021, and of Yesyforma Europa, SL (Yesyforma) which closed on 1 October […]
Official closing of Baucentrum Cronrath acquisition
Today (30 September 2021) BME Group completed the acquisition of Baucentrum Cronrath’s (Cronrath) general building materials (GBM) distribution activities from the shareholders of Cronrath, which will enable BME Group to […]
Strong first half year performance driven by a strong market, delivery on strategic initiatives and value accretive bolt-on acquisitions
Financial results H1 2021 versus H1 2020• Revenue up (+10.6%) to €2,050 million • Normalized EBITDA increased by 35.8% to €168 million• Normalized EBITDA margin increased from 6.7% to 8.2% […]
BME Group acquired De Jong & Roos, expanding its ironmongery business in the Netherlands
BME Group (BME) and the shareholders of the De Jong & Roos B.V. have reached an agreement on the sale of its shares to BME. De Jong & Roos is […]
BME Group strengthens its market position in Eastern France with the acquisition of Silix and entered into exclusive negotiations with Point.P for the divestment of Raboni Normandie
Today, BME Group (BME) announces (i) the acquisition of Silix TP et Environnement (Silix) in the Eastern part of France, and (ii) entering into exclusive negotiations with Point.P (a Saint […]