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[NEWS] Recent M&A: Mapei Group, Japan Asahi, Ireland Kingspan, Cyncly Mapei Group acquires Profilpas

The Italian MAPEI group acquired the home profile company Profilpas, which specializes in ceramic bathroom-related decorative accessories and has more than 160 employees. Profilpas has two factories in Italy and Poland and sales companies in France, Spain, Portugal, Germany, Czech Republic, Russia and Arabia.

  • Irish multinational building materials company Kingspan completes third acquisition in Spain

Irish multinational building materials company Kingspan Group PLC has just completed its third acquisition in Spain so far this year. The Irish multinational has acquired Invespanel, a company specializing in sandwich panels and insulation. The company, which had a turnover of 11 million euros last year, according to the announcement, “is an excellent opportunity to enter the global market with this acquisition, supported by the widest range of innovative technologies and equipment.” Kingspan’s 2021 revenue reached 6.5 billion euros.

  • Asahi acquires second import company

Japanese sanitary ware company Asahi Group Holdings has decided to acquire a 50.82% stake in Chami Corporation through a third-party rights issue for a total price of 13,330,000 yen.
Chami Corporation is engaged in wholesale sales of imported furniture, office furniture and daily necessities in Japan. Through this acquisition, Asahi will provide process services from sales to installation. In March of this year, Asahi acquired Youki Trading Co., Ltd., a lifestyle import and export company.

  • Cyncly acquires custom home software service Mozaik

Cyncly, rebranded from Compusoft+ 2020, announced the acquisition of Mozaik, a US-based custom home software service provider.
Mozaik provides digital solutions for the entire process, from design to manufacturing, for customization and is available for CNC.

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