Fluidra divests 100% of its ownership in TogamaMay 12, 2022
Effective May 11 2022, Fluidra completed the divestment of 100% of its ownership in Togama SAU to Ten Oaks Group. Togama, based in Vila-Real, Castellón, is a manufacturer and distributor of ceramic and vitreous products for swimming pool lining, wellness, and interior and exterior decoration.
Togama’s activities were considered non-core to the pool business, and its divestment will have a very marginal impact on the group’s financial statements. To ensure Fluidra’s supply requirements, a supply agreement is in place for a minimum 2-year duration and no business disruptions are anticipated.
Based in Charlotte, North Carolina, Ten Oaks Group is a family office with a successful global track record dedicated exclusively to investing in corporate divestitures. We believe that they will provide a great home for Togama, giving it the opportunity to further develop its products and enter new markets. We are grateful for the Togama team’s commitment and support, and wish them the best.