Barpimo Joins Kusto Group's Global Expansion
Deal News | Jun 05, 2025 | Finance Community ES 2 - Corporate M&A
Kusto Group, through its subsidiary Tambour, has successfully acquired Spanish company Barpimo Coatings, with advisory support from BDO. Founded by Juan Ros Montesinos, Barpimo boasts over 60 years of industry experience and has been managed by the second generation of the Montesinos family along with a professional management team. This acquisition aligns well with Kusto Group's decade-long strategy of international expansion in the paints and construction materials sector. Kusto had previously acquired companies such as Israel's Tambour, Italy's Zetagi, and expanded in the Mediterranean market including the purchase of Verinlegno, an Italian wood varnishes manufacturer. BDO provided due diligence services for the acquisition, involving its teams from Spain and Poland, emphasizing financial and fiscal diligence.
Sectors
- Construction Materials
- Paints and Coatings
Geography
- Spain – Barpimo Coatings, the acquired company, is based in Spain, making it a crucial geography for the transaction.
- Israel – Tambour, the acquiring company under Kusto Group, has roots in Israel, highlighting the geographical influence on the transaction.
- Europe – The acquisition of Barpimo and previous acquisitions (such as Verinlegno in Italy) signify Kusto Group's focus on strengthening its presence in the European market.
Industry
- Construction Materials – Kusto Group, through Tambour, is involved in the construction materials industry by acquiring Barpimo, which specializes in paints and coatings.
- Paints and Coatings – Barpimo Coatings, the target of the acquisition, operates in the paints and coatings sector, which is a primary focus for Kusto Group’s expansion strategy.
Financials
- – No specific financial details about the cost of acquisition or valuations are mentioned in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Barpimo Coatings | Target Company | Company | A Spanish company specializing in coatings, with over 60 years of experience, targeted for acquisition by Kusto Group. |
| Kusto Group | Buyer | Company | An international conglomerate focusing on paints and construction materials, owner of Tambour. |
| Tambour | Acquirer | Company | A subsidiary of Kusto Group, involved in the acquisition of Barpimo. |
| BDO | Financial and Tax Advisor | Company | Provided due diligence and adviser services for the acquisition, including teams from Spain and Poland. |
| Raul Lopez Moro | Partner | Person | Part of the BDO financial team advising on the transaction. |
| David Romera Martín | Director | Person | Part of the BDO financial advisory team. |
| Guillermo Braña Abascal | Senior Manager | Person | Part of the BDO financial advisory team. |
| José Ramón Ramos | Manager | Person | Part of the BDO fiscal advisory team. |