Laminam, the Italian specialist in large ceramic slabs, has strengthened its position in the Spanish market by purchasing a controlling stake in distributor Iberstone from the Zapatero family. Laminam says the new acquisition of the main player in Spain for the distribution of large-format Laminam slabs and natural stone for kitchens and interiors, and that the operation represents a further step in its growth and internationalisation path.
In order to create a seamless transition, Iberstone’s 9 logistics centres, all its personnel, and all commercial assets have been transferred into the newly formed IBERSTONE LAM, of which Laminam is the main shareholder and the Zapatero family has a significant holding. Laminam says this new company structure will ensure continuity in the commercial dynamics, with José Luis Zapatero and his son Rubén Zapatero continuing as company directors.
The current 9 logistics centres (Barcelona, Valencia, Madrid, Majorca, Zaragoza, Valladolid, Basque Country, Asturias, and Gran Canaria), plus the distribution network, provide total coverage and guarantee fast, accurate and timely delivery of slabs to over 1,000 fabricators. In addition, the consolidation of the Zapatero family and Laminam’s investment capacity will allow further development of the market potential and ambitious new goals to be set.
According to Laminam, the new agreement is testament to its international growth path, and the new company will join the other 12 foreign subsidiaries that cover the most important foreign markets.
“Our acquisition of Iberstone is the natural evolution of a profitable and professional partnership and friendship, based on reciprocal trust and esteem, which has seen both companies grow and establish themselves,” said Alberto Selmi, CEO of Laminam. “This operation not only allows us to strengthen our presence in a strategically important market, but also to combine our expertise with a team which shares our values and our vision.”
JL Zapatero added: “For the Zapatero family this is a major step forward, thanks to the great trust and friendship which characterise our links to the management team. Joining a global brand like Laminam will have a positive impact on the Spanish market and promises a great future in our sector, combining the high quality of our product with the experience we have gained over all these years.”
