Nazca acquires 100% of McBath
Nazca Capital has acquired one hundred percent of Moldcom Composites S.L. (“McBath”) together with the company’s management team. McBath was founded in 2006 and is specialized in cast marble bathroom equipment. This investment is the first deal for Fund Nazca IV, raised in the second half of 2016 with a capital of €275 million.
With headquarters in Ribarroja (Valencia), McBath is one of the European leaders in cast marble shower trays, market niche that is registering double digit growth and which is expanding through European countries. With more than 120 employees the company has tripled its 2013 sales volume, closing 2016 with sales close to €20 million and positioning themselves as one of the leading brands in the shower tray, washbasins and Solid Surface segment. The company has a high international component, exporting 80% of sales, being France its main market.
Grupo Zriser acquired a majority stake in McBath to help with the development of their strategic plan, specially their international expansion. After culminating the group’s initial phase with notable success, Grupo Zriser has decided to pass on the baton to Nazca.
In this new stage, McBath bets on the continuity of its current management, aspiring to maintain its growth rate through national and international expansion, as well as through the development of new products and the selective acquisition of companies that could complement its product range.
About Moldcom Composites
Moldcom Composites S.L. is a reference company in the bathroom sector. We are partners in the development and modeling of new products for some leading global brands. Our long term experience and the commitment for innovation leaded us to create McBath, our own trade mark, to offer a range of products focused on modern bathrooms and based on quality and design.
Source: Nazca Press Release