At what enterprise value was FIBO GROUP acquired in 2025?

During the acquisition of FIBO GROUP by NORCROS in 2025, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b NOK. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of FIBO GROUP when it was acquired by NORCROS?

The estimated EV/EBITDA multiple for FIBO GROUP is in the range of 5x - 12x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 10.9x. Join our community for free to access full valuation data and industry trends.

When was FIBO GROUP acquired by NORCROS?

FIBO GROUP was acquired by NORCROS in 2025.

What was the revenue of FIBO GROUP at the time of the deal?

The revenue of FIBO GROUP at the time of the deal is estimated to be in the range of 450M - 900M NOK. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of FIBO GROUP during the acquisition?

FIBO GROUP's EBITDA is estimated to be in the range of 100M - 200M NOK. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the FIBO GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the FIBO GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.fsncapital.com/en/news/fsn-capital-iv-has-signed-an-agreement-to-sell-its-majority-shareholding-in-fibo/

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Home Database Industry & ManufacturingFIBO GROUP

07/2025

FIBO GROUP

Acquired by

NORCROS

NORWAY Chemicals & Materials / Building & Interior Materials / Wall & Ceiling Systems EV 500M - 1.5b NOK

FIBO GROUP acquired by NORCROS

NORWAY Chemicals & Materials / Building & Interior Materials / Wall & Ceiling Systems EV 500M - 1.5b NOK

Context

FSN Capital IV and other minority shareholders have signed a definitive agreement to sell 100% of the shares in Fibo to Norcros. The transaction marks the conclusion of a successful 10-year growth journey under FSN Capital IV, which originally acquired Fibo as a carve-out from Byggma ASA in 2015. During this ownership period, Fibo underwent a transformation from a local Norwegian player into a robust international entity with a diversified revenue mix and highly automated manufacturing capabilities. The strategic rationale for Norcros is to gain access to Fibo's market-leading waterproof wall panel technology, which complements its existing bathroom product suite. For Fibo, the acquisition provides access to greater resources and the ability to collaborate with a larger group to further serve global customers. The deal was advised by DNB Carnegie, Haavind, PWC, and Raymond James for the sell-side. Closing is anticipated in the second half of 2025, pending customary regulatory approvals.

FIBO GROUP, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (10.9x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Established in 1952, Fibo is a leading global supplier of high-quality, waterproof decorative wall systems and accessories. Primarily serving the wet room market, the company provides a sustainable and cost-effective alternative to traditional tiles. Fibo’s products are utilized across public buildings, private residences, and modular projects in both new builds and renovations. The company operates a highly automated production facility in Lyngdal, Norway, which was built in 2017 to enhance operational efficiency. Fibo holds the number one market position in Norway and has expanded its international footprint to over 20 countries, with a significant presence in the UK, Europe, and North America. Its business model relies on a diversified distribution network including builders’ merchants, DIY chains, and direct B2B sales.

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Other operations with FIBO GROUP

REFERENCES

Valuation range: EV 500M - 1.5b NOK

Revenue range: 450M - 900M NOK

EBITDA range: 100M - 200M NOK

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FIBO GROUP by NORCROS are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: norcros