German quartz sink manufacturer Schock has announced the acquisition of Polish bathroom brand Marmorin as part of its continued growth strategy.
Terms and conditions of the transaction have not been disclosed, although in a statement released by Schock, it suggested that the deal was made possible by the earlier acquisition of Schock by investment firm Triton in March 2021.
The statement said: “With the acquisition of Schock GmbH by investment firm Triton in March 2021 the prerequisites to further accelerate the geographic expansion were created. The acquisition of Marmorin was negotiated in close cooperation between Schock’s management and the Triton team.”
Speaking about the deal Schock chief executive Ralf Boberg said: “Marmorin offers outstanding products, great material and design know-how and a customer base that will enable us to tap further potential in the United States. The acquisition underlines our ambition to further expand our position in this key growth market.”
Jakub Hrab, CEO of Marmorin added: “We have known and appreciated each other for a long time. With Schock, we have found the right partner to drive our growth in the USA.”
Marmorin is a family business founded in 1985 and headquartered in Wschowa, Poland. It manufactures freestanding bathtubs as well as washbasins and shower trays from quartz composite materials.