New ownership for Azuvi
The operation also include the sale to the Porcelanosa Group of the Azuvi site and warehouse located close to one of the Group’s factories for a figure of 10 million euro.
Following the acquisition, Esteban Bou, a director at Studi Flama, was appointed managing director of Azuvi, while Cristobal Arrebola from Keraben was appointed technical director.
Azuvi, founded in 1956 by a group of partners that included José Soriano, the late chairman of the Porcelanosa Group, closed fiscal 2003 with a turnover of more than 57 million euro.
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