Grupo Halcón acquires Cicogres

The Spanish ceramic group will reach a production capacity of 50 million sqm/year, with revenues expected to exceed 250 million euros by the end of 2021

Grupo Halcón has acquired the industrial assets, brand and catalogue of Cicogres, a Castellón-based ceramic tile producer with more than 30 years of operations and 5 modern production lines with a capacity of 10 million sqm/year. The company’s current workforce has also been retained.

This transaction reinforces Grupo Halcón’s leadership in the global ceramic tile industry, increasing production to a total of approximately 50 million sqm across 21 production lines. These include the two new lines, both with a capacity of 4 million sqm/year, installed by Grupo Halcón as part of its 45 million euro investment plan launched last February for 2021. The first was started up in the spring and expanded the group’s production capacity for large and polished tiles, while the second is scheduled to come on stream in late autumn. Grupo Halcón has completed two new showrooms at its facility as well as the new logistics centre in Onda.

According to Grupo Halcón’s CEO Francois Brendel, the acquisition of Cicogres reflects the group’s intention to supplement organic growth investments with accretive acquisitions.  With support from Falcon Private Holdings, the group’s majority shareholder since 2018, Grupo Halcón will continue to seek additional avenues for growth across geographies and channels  said Brendel.

With its three brands (Halcón, Emotion and Cicogres), five factories (all located in the Castellón area) and a total of 700 employees, the group aims to generate revenues of more than 250 million euros this year with sales in more than 100 countries.