Translink Corporate Finance Spain and France advised the shareholders of Alvic, a portfolio company of KKR and Artá Capital, in the acquisition of Stratagem. Alvic is a Spanish company specialising in the manufacturing and distribution of components for the furniture and decoration industry. Stratagem is a French leading company in the production of made-to-measure Compact and HPL worktops and doors.

Founded in 1960, Alvic’s products consist of mainly high-quality panels and components for the furniture and decoration industry. They manufacture in 6 production facilities located in Spain and the USA, through partner-distributors, DIY retailers, direct to manufacturers and a network of 50 “Alvic Centers” in Spain and France or “Lioher Centers” in the USA.

Alvic has a workforce of 1100 full term employees and is a global benchmark in the manufacturing and distribution of components for the furniture and decoration industry. In 2021, the group generated sales of c.€240M and an EBITDA of c.€60M.

Founded in 1987 in Bozouls, in the Occitania region, Stratagem specialises in the production and distribution of high-quality bespoke worktops and doors. In 2021, it generated €14 million in revenue and has around 100 FTEs and a 10,000 sqm production site.

This acquisition is the result of the Alvic Group’s strategy to invest in selected international markets, particularly in France where it has already announced the expansion of its Alvic Centers, a network of its own shops for professionals. Stratagem will enable the Alvic Group to strengthen its offer of high-quality bespoke worktops in France and Spain in the first instance, before expanding the service to other markets.

As a result of the acquisition, synergies will be created between the two companies, taking advantage of the technological, production and service advances of both and exchanging best practices and processes of operational excellence. In addition, the union of both manufacturers will further improve their ability to adapt to take on all types of orders without neglecting their strict quality controls.

“At Alvic we are always looking to improve in offering the best to our customers, without neglecting sustainability. Stratagem follows our same philosophy and complements us. We are excited to be able to work hand in hand with leading professionals in the sector in their country who share our same values. We are confident that it will help keep Alvic at the forefront of the furniture and decoration industry. We welcome all Stratagem employees to Grupo Alvic. We are very excited to start working together,” concludes Javier Rosales, CEO of Grupo Alvic.