Fibo Group gets green light for Norcros acquisition

Fibo Group AS announced today that it has received the necessary regulatory approvals for the sale of 100% of the shares in Fibo Holding AS to Norcros Industry (International) Limited, a subsidiary of Norcros plc. This acquisition, initially announced on July 15, 2025, is now expected to complete today.

Following the transaction's completion, Fibo intends to fully redeem the senior secured bonds issued by its subsidiary Fibo Group AS, with ISIN NO 0011204356. Further details regarding this redemption will be provided in a separate announcement.

Fibo, founded in Norway in 1952, specializes in waterproof wall systems for wet rooms, holding the number one market position in Norway. The company boasts nearly 70 years of innovation, strong growth, and a modern automated facility in Lyngdal, Norway, with a growing presence across Europe and North America.