Florida Tile

Fineurop Soditic acted as exclusive advisor to Panariagroup in the acquisition of the brand and the main assets of Florida Tile Industries Inc. for US$ 22.5 million from Milestone, the private equity fund that owned the control of Florida Tile. Florida Tile is a US company specialised in manufacturing and distributing floor and wall ceramic tiles in the US market, with a well-known brand and a wide distribution network. Following to this acquisition Panariagroup will have the possibility to control immediately an important logistic and distributing chain in the market with the highest expected growth rates.