Pamesa continues growth path with the acquisition of Azuliber

Pamesa continues growth path with the acquisition of Azuliber

October 2021

2021 has seen Pamesa continues its impressive expansion by completing another acquisition in the Castellón district and targeting revenues of €1,100 million.

In June, Fernando Roig set out the Pamesa Group’s 2021 goals that already pointed to exceptional growth, with production capacity up 40%, tile sales of 130 million sq. metres, and consolidated revenues of €900 million compared to €782 million in 2020.

Now, with the announcement of the acquisition of Azuliber at the beginning of September, the chairman of Europe’s largest tile group has further revised up his forecasts: the consolidated revenues of Pamesa Grupo Empresarial are now likely to reach €1.1 billion (up 40% on 2020), including €900 million generated in the ceramic tile segment (up 45% compared to the €616 million achieved in 2020.

Significant acquisition
Given its scale, the acquisition of the Azuliber group is an extremely significant operation for Spain’s Castellón ceramic district, and a strategic move for Pamesa.

Azuliber is more than just a large tile manufacturer.  Its six factories (Cerámicas Myr, Azulejera Alcorense,

Click Cerámica, Valentia Ceramics, Oset, and Azulejos Plaza, acquired last spring) have a dozen kilns that produce a total of 3 million square metres of tiles a month, or 36 million sq.  metres per annum.  
This additional production capacity will help Pamesa to meet a constantly growing demand that still exceeds the group’s capacity, despite its ongoing investments aimed at expanding output.

Raw material expertise
Azuliber is also an important player in the raw materials segment.  It owns several red and white clay quarries in Spain, an has expertise in the production and supply of spray-dried clay through two companies, Azuliber (pictured) and Amizalsa.  Together, they operate a total of 10 spray-drying plants.

The Azuliber Group is expected to post consolidated revenues of around €160 million 2021.

The acquisition, for an undisclosed sum, comes on top of the €70 million investment plan that Fernando Roig had already announced for 2021, which includes the installation of new kilns, office refurbishment at the headquarters, construction of a logistics centre and clay warehouse, and modernisation of Pulidos Pamesa with the installation of new finishing equipment.
Source: https://www.acimac.it/

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