OLI Acquires French Distributor Regiplast for 7.11 million USD
France: The Portuguese sanitary ware manufacturer OLI has acquired the French company Regiplast for 7.11 million USD, aiming to increase its market presence in France, which currently accounts for eight per cent of its global sales. OLI, based in Aveiro and the Iberian market leader in cistern production, plans to integrate its bathroom solutions into construction projects in the residential, hotel, and public space segments in France. Founded in 1988, Regiplast is based in Périgueux and has represented OLI since 1993. The integration of Regiplast as a subsidiary of OLI in France aims to expand the range of products and services, enhance customer service efficiency, and provide specialized technical training for sanitary installation systems in new and renovation projects.
Source: Economico Pro