Alvic Group, one of Europe’s leading companies in manufacturing and marketing panels and components for kitchen and office furniture, has boosted its international expansion through the capital participation of KKR and Artá Capital. Having been approved by European Commission Competition Authorities, the transaction was formalized last Thursday.
KKR and Artá Capital join this new phase of the company’s growth focused on innovation, international development and investment in its productive capacity, and reaffirming the company’s commitment to employment and the development of local areas and communities in which it is present.
Current management team remains at the helm
The current management team, led by the Rosales family, will remain firmly at the helm. KKR and Artá Capital, for their part, will put their extensive experience in supporting family businesses to achieve growth and expansion goals to the service of the company.
Expansion in the United States
In particular, the entry of these new investors will facilitate the expansion of Alvic in the United States, a market with excellent growth prospects in which the group has recently opened a 30,000 square metre facility. In Auburndale, Florida State, the new facility will serve as a hub for the distribution of the company’s high added-value products throughout the country.
For the transaction, JP Morgan, Clifford Chance and Deloitte acted as advisors to KKR and Artá Capital, while BBVA and Lexpal Abogados acted as advisors to Alvic.