Cupa Group has announced that it acquired 100% of the share capital of Rinus Roofing Supplies (“Rinus”) through its subsidiary Burton Roofing Merchants (“Burton”). Financial details of the transaction were not disclosed.
Cupa Group is a multinational made up of 67 companies with subsidiaries in 9 countries, 22 quarries and exports to more than 70 countries on five continents, employing more than 2,300 people. Rinus Roofing Supplies Limited is a distributor of roofing products, comprising of 24 branches across the U.K.
The transaction increases Cupa’s exposure to the attractive U.K. roofing materials market. Led by Paul Hattee, UK Managing Director, Burton will now operate 37 distribution centres across the U.K. becoming an increasingly important partner for the construction industry.
Javier Fernández, CEO of Cupa Group, said: “We are excited to welcome Rinus to the Cupa family. We were attracted to the company given its strong track-record and solid market position in the U.K. which place it in a solid position to further expand its presence and continue its growth trajectory. We look forward to working together to deliver Cupa’s ambitious growth plans, strengthening our product range and expanding our international footprint.”
The acquisition of Rinus is the third transaction in the last three months by Cupa, following the acquisitions of Pizarras Gallegas in December 2020 and Proinor in February 2021.