Villeroy & Boch acquires Ideal Standard

The purchase includes all group operating firms, including ventures in the Middle East and Africa that the Ideal Standard Group previously controlled in partnership with Roots Group Arabia. Ideal Standard Group's gearing will be significantly decreased by carrying forward shareholder debts totaling no more than € 93 million. A global supplier of bathroom supplies is Ideal Standard. The company runs 11 production facilities in Europe and the Middle East and employs more than 7000 people worldwide. Ideal Standard reported sales of around € 737.2 million in 2022 and adjusted EBITDA of approximately € 73.7 million. Given their geographical presence, sales techniques, and product and brand portfolios, the two businesses are a logical fit, creating the groundwork for a stronger competitive position and further growth. The integrated company will join Europe's leading bathroom product manufacturers in terms of sales in a sector with potential for worldwide expansion.

Based on a firm valuation of about €600 million, the total acquisition cost. Villeroy & Boch is borrowing € 250 million and using its own readily available funds to finance the deal. The transaction's completion is subject to the customary terms and legal requirements, particularly the acceptance of the merger and the redemption of the € 325,000,000 bond issued by the Luxembourg-based seller Ideal Standard International S.A. Early in 2024 is when the transaction is anticipated to be completed.

Source: Villeroy & Boch