Roca Group Boosts Its Faucets Division with the Purchase of Italian Company Idral
01/07/2024
Roca Group, a world leader in the design, production, and marketing of bathroom products, has acquired Idral, a manufacturer specializing in self-closing faucets and taps for public and semi-public spaces.
This acquisition significantly strengthens the group's faucets division, enhancing its position in the market for public or communal bathrooms, such as schools, hospitals, and the hospitality industry.
Idral is the leading supplier of public bathroom taps in Italy, boasting over 50 years of experience and a wide range of products, including electronic, self-closing, and pedal taps.
The company, located in Gargallo, Novara (in the Italian region of Piedmont) and owned by the founding partners' families, Vasconi and Angiolini, reported a turnover of 10.3 million euros in 2023. Idral is part of the Cusio Valsesia cluster, which includes 87 companies and represents 20% of Italy's national production of taps and fittings.
Idral is also a leader in smart faucets, offering solutions such as self-closing thermostatic cartridges and sensor taps. For Roca Group, this acquisition is a strategic move due to the complementarity of Idral's products with its own portfolio and its growth potential in Europe.
Roca Group has been assisted in this transaction by KPMG and by Baker McKenzie.
Idral Group has been assisted by Alisea Corporate Finance and by Tonucci&Partners.
About Roca Group
Roca Group, home to renowned brands like Roca and Laufen, stands as a global leader in the design, production, and marketing of bathroom products for architecture, construction, and interior design. Established in Barcelona in 1917, the company blends tradition and expertise with innovation and environmental respect, all aimed at fulfilling people's needs and improving society’s well-being.
With sustainability as the cornerstone of its operations, Roca Group infuses this culture into every facet of its activities across the 170 countries it serves and within its 79 manufacturing facilities. This commitment is upheld daily by its 20,000 employees, united to ensure a better planet for future generations. The group has achieved Gold Medal recognition from EcoVadis, the most trusted provider of business sustainability ratings, for outstanding sustainability performance.
As a family-owned enterprise, the group holds market leadership positions in Europe, Latin America, and India, while also maintaining a robust presence in Asia, the Middle East, Australia, and Africa. This global footprint solidifies its status as an industry frontrunner worldwide.