Norcros Plc. (NXR.L), a bathroom and kitchen products maker, announced that it agreed to acquire the entire issued share capital of Fibo Holding AS from FSN Capital for an enterprise value of 618 Norwegian Kroner or 45 million pounds.
Fibo Group is a supplier of high-quality waterproof, decorative wall panels. The business was founded in 1952 and has a modern production facility in Lyngdal, Norway.
Completion of the Acquisition is conditional upon clearance from the UK Competition and Markets Authority. The company expects the process to take approximately three to four month.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.