Munich, July 3rd 2019. Serafin Group today announced that it has signed an agreement to acquire RCR Industrial Flooring S.à.r.l. (“RCR”). The completion of the transaction is subject to the approval of the relevant anti-trust authorities.
Headquartered south of Madrid, RCR is a globally leading market player in industrial flooring solutions with operations in Europe, Latin America and Africa. The company provides integrated solutions across applications (installation of high specification floors), products (resins, hardeners and steel joints) and consultancy services.
Having its origins in the two long-established European companies Rinol and Rocland, RCR today operates seven production plants in Europe, Latin America and Africa. The company’s blue-chip customer base comprises leading worldwide players in a wide range of industries such as retail, logistics, manufacturing, automotive and food. RCR is forecast to reach approximately € 170 million in sales in 2019.
Serafin already has activities in the flooring segment with its Swiss group company Conica AG, which is mainly focusing on the production of sports flooring solutions. Going forward, it is envisaged that both companies RCR and Conica operate independently in their respective target markets, i.e. industrial and sports flooring.
Philipp Haindl, founding partner of Serafin, said: “We are excited about the addition of RCR to our Group. Driven by its entrepreneurial management team, RCR has positioned itself as the partner of choice for industrial flooring solutions on a global scale. We are very much looking forward to further facilitate the development of RCR together with Emilio and his team.”
Emilio Esteban, Chief Executive Officer of RCR, comments: “We are very much looking forward to work with Serafin to continue our positive momentum based on our integrated service offering for industrial flooring solutions. Given Serafin’s long-term orientation and operational experience, we are very pleased to enter into this partnership to bring RCR forward in the coming years.”