Strohm Teka Transitions to Management Ownership Through MBO

Strohm Teka Transitions to Management Ownership Through MBO

Spain: HERITAGE B has completed the divestment of its bathroom business line, Strohm Teka, through a Management Buy-Out (MBO). The transaction transfers ownership to the company’s management team and is supported by private investors and international financial institutions. The financial backing reflects institutional support for the project and the team now leading the business.

The current management team has been involved with Strohm Teka since its separation from Teka in 2018 and has over two decades of experience in the bathroom sector. Since the carve-out, the business has recorded over 60 percent growth and operates primarily in Spain and Hungary, along with other international markets.

Source: Salabano