The Engineered Stone Group acquires the assets of Resiblock

The Engineered Stone Group (ESG) has acquired the assets of Resiblock S.L., Baniana Bath S.L. and Bold The Solid Company S.L. (“Resiblock”), manufacturers of shower trays, baths and washbasins and other bathroom furniture. The terms of the transaction have not been disclosed.

Located in Luque (Córdoba), Resiblock is a leading Spanish company specializing in the manufacture of bathroom fixtures in Solid Surface and Engineered Stone. With a successful track record of more than 35 years, Resiblock has a wide customer base in Southern Europe with a strong focus on Spain. As a member of ESG, Resiblock, Baniana and Bold will maintain their headquarters, facilities and employees in Cordoba and will continue to serve their customers from there.

The Engineered Stone Group, a Cranemere Group company headquartered in UK, is a leading specialist in the production of shower trays, basins, bathtubs, and panels, as well as bathroom furniture. ESG offers a wide range of high-quality brands and products with a commitment to excellent customer service and continuous innovation in all the countries where it operates.

Neil Collen, Partner at Livingstone Partners, commented: “Having been on ‘the other side’ in two previous transactions, it has been a real pleasure working with Eddie, Rafael, and the wider Cranemere and ESG teams in this acquisition. They are extremely strategic, professional, and knowledgeable about the market, and combine this with real empathy and a commitment to deliver. Those qualities make for a great client and for the sellers, an exceptional long-term partner or owner of their business. They will be an ideal home for Resiblock.”

Eddie Gandevia, Principal at Cranemere, added: “The Livingstone team were outstanding advisors to us on this transaction. They offered thoughtful, balanced advice coupled with decades of experience that showed that they really understood the challenges of a complex transaction. Their ability to develop a trusted relationship with the sellers and their deft handling of the transaction process were critical enablers of success. It was a pleasure to work with Neil, Ximo and the team and we look forward to engaging them again in any number of similar situations.”

This transaction adds to Livingstone’s long list of successful transactions in the building materials sector, including most recently the sale of THU Ceiling Solutions to Kingspan Group, the sale of Nuovvo to ESG and the sale of Hudikhus to Storskogen.