Fibo Group AS – Receipt of regulatory approval for the sale of 100% of the shares in Fibo Holding AS with subsidiaries to Norcros plc

13 Oct 2025 08:13 CEST

Reference is made to the announcement on 15 July 2025, regarding the agreement
between (1) Norcros Industry (International) Limited ("Norcros") (2) Norcros plc
and (3) the existing shareholders of Fibo Holding AS ("Fibo") for the
acquisition by Norcros of 100% of the shares in Fibo (the "Transaction"). Fibo
is pleased to announce that the required regulatory approvals for completion of
the Transaction have now been received and the Transaction is expected to
complete today.
As previously announced, Fibo intends to fully redeem the senior secured bonds
issued by its subsidiary Fibo Group AS with ISIN NO 0011204356 subject to
completion of the Transaction. Further details will be given in a separate
announcement.
About Fibo
Founded in Norway in 1952, Fibo is a leading supplier of high-quality waterproof
wall systems for wet rooms. With nearly 70 years of innovation, Fibo offers a
versatile range of fully waterproof wall panels and accessories, providing a
durable, sustainable and cost-effective alternative to tiles, trusted for their
certified quality and performance.
Fibo holds the number one market position in Norway and has a strong and growing
presence across Europe and North America. Serving both public, residential and
commercial sectors, from new builds to renovations and modular projects, Fibo
products reach customers via builders’ merchants, DIY chains, and direct B2B
sales.
With a modern, automated facility in Lyngdal, Norway, and global material
sourcing, Fibo continues to set the standard for waterproof wall solutions
worldwide, supported by over 15 years of consistent growth.
For more information, please visit: www.fibosystem.com

For further information, please contact
Anders Carlson, CEO – aca@fibosystem.com
Paula Texidor Bustins, CFO – pbu@fibosystem.com
This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulations article 17 and section 5-12 of the Norwegian Securities
Trading Act.

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