Cupa Group has acquired 100% of the share capital of Rinus Roofing Supplies (Rinus) through its subsidiary Burton Roofing Merchants (Burton).
Financial details of the transaction have not been disclosed.
The transaction consolidates Burton’s position as the largest independent specialist distributor of roofing materials in the UK and increases Cupa’s exposure to the UK roofing materials market.
Led by Paul Hattee, Burton UK’s managing director, the company will now operate 37 distribution centres across the UK.
Family-owned Rinus is the second largest independent distributor of roofing products in the UK and employs 184 people, with a portfolio of more than 2,600 clients. The company owns 24 branches nationwide and provides full product coverage across all roofing applications. It maintains an extensive network of relationships with established UK suppliers, giving the company access to the latest product developments in the industry.
Burton and Rinus combined will generate total aggregate sales of approximately £120 million. With this integration, the Cupa Group will generate over €400 million in sales.
Javier Fernández, chief executive officer of the Cupa Group, said: “We are excited to welcome Rinus to the Cupa family. We were attracted to the company given its strong track-record and solid market position in the UK, which places it in a solid position to further expand its presence and continue its growth trajectory.
“We look forward to working together to deliver Cupa’s ambitious growth plans, strengthening our product range and expanding our international footprint.”
The acquisition of Rinus is the third transaction in the last three months by Cupa, following the acquisitions of Pizarras Gallegas in December 2020 and Proinor in February 2021.
