Garrigues has advised on BMI’s acquisition of ChovA to obtain a leading position in the Spanish flat roof market
BMI Group, a Standard Industries company and a leading manufacturer of flat and pitched roofing and waterproofing solutions throughout Europe, has acquired Spanish company Asfaltos ChovA, a specialist in efficient flat building solutions for waterproofing and thermal and acoustic insulation. With this acquisition, BMI expands its business portfolio in waterproofing and insulation to strengthen its Spanish flat roof business.
ChovA’s wide range of products includes bitumen membranes and thermal and acoustic insulation. The company was founded in the 1940s by the Chova family, who will continue to be linked to the business after the acquisition.
“We are very proud of what the ChovA team has achieved in 77 years in business,” said Eduardo and Antonio Chova. “Joining the BMI family of businesses offers a great opportunity for growth and continued high-quality service for customers, while the combined business of BMI and ChovA will provide an even stronger choice of construction solutions for customers in Spain.”
“Together, BMI and ChovA will provide a complete set of topline roofing solutions for customers seeking flat or pitched roofs,” said Carlos Hernández, Managing Director, BMI Iberia and Italy. “Both companies will continue to offer excellent service, supporting architects, engineers and installers through their dedicated technical assistance services, from design to jobsite works and installer training.”
“Welcoming ChovA colleagues, products and brands to BMI is a fantastic step forward for flat roofing solutions in Spain,” said Justin Skala, CEO, BMI Group. “We are companies who share similar values and heritages of quality and expertise, and we are excited to show our customers the new solutions made possible by bringing ChovA into the BMI family.”
The team from Garrigues advising Asfaltos ChovA included; Corporate: Francisco Soler (pictured left) (partner), Fernando Navarro (señor associate), Tax: Carlos Peiró (pictured right) (partner), Lorena Colomer (pictured centre) (partner), Ester García (principal associate), Public Law: Arantxa Forn (senior associate), Employment: Abel Gallego (senior associate) and IP: Victoria Gigante (senior associate).
BMI Group was advised by Fieldfisher Spain.