SPAIN - Buy and build continues with acquisition of Foprar

Foprar specialises in the manufacture of tubes and frames for civil works projects. With factories in Almudévar (Huesca) and Toledo, the company has a turnover of around EUR 12m. Pronave Yecla SL specialises is the manufacturing and construction of prefabricated concrete products for warehouses and has a turnover of EUR 30m with an EBITDA margin of 15%.

Last year Qualitas and LODH acquired Forte Hormigones Tecnológicos, a company that manufactures prefabricated concrete products including residential blocks and tiles, industrial warehouse materials and civil works products such as tubes and frames. The aim of the acquisition was to consolidate the prefabricated concrete sector, with Forte serving as the platform for a buy and build strategy.

Qualitas and LODH have decided to merge Forte, Pronave and Foprar to create a leader in the area of prefabricated warehouse construction. The turnover of the new group will be around EUR 90m. The private equity firms plan to create a company with a turnover of around EUR 200m in order to list it on the stock exchange. Further acquisitions are likely to be made later this year within the strategic triangle of Madrid, Cataluña and Aragón.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Southern Europe
• Industrials