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 acquires Heinrichs Fliesenmarkt, further strengthening its tiles competencies in Northern Germany
BME Group announces that it has reached an agreement to acquire Heinrichs Fliesenmarkt, a tiles distributor operating two branches in Northern Germany. The acquisition further builds out BME Group’s tiles […]
On 2 November 2021, BME Group closed the acquisition of Bridts, active in the sales of general building materials (GBM) and trading under the name ‘Gedimat Antwerp’. With this bolt-on […]
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