Engineered Stone Group

Engineered Stone Group
Engineered Stone Group
Engineered Stone Group

Area of Focus Design and Manufacturing

Partnership Date 2016

Headquarters Edinburgh, Scotland

The Cranemere team recognized the significant opportunity in engineered stone and has supported the management team by making strategic acquisitions, expanding our geographic reach, and helping to establish a leader in the segment with the most compelling value proposition for our customers.

Brian McCluskie

Brian McCluskie

CEO

Company Profile

The largest designer and manufacturer specializing in engineered stone bathroom products in Europe

The Engineered Stone Group (“ES Group”) is the largest producer of engineered stone shower trays, bathroom sinks and bathtubs in Europe. It has a leading position in all the major channels (independent retail, DIY, wholesale and OEM) and all the major countries including France, Spain, Germany, Italy and Scandinavia. The ES Group provides a broad offering of brands and high-quality products, coupled with a commitment to outstanding customer service and the scale to invest in continued product innovation.

Engineered stone material unites natural stone with high-quality resins, offering greater design freedom, a more luxurious feel, enhanced strength and improved heat retention. Engineered stone is viewed by many consumers as a superior alternative to traditional products made of acrylic, porcelain and enameled steel. The value proposition of engineered stone is driving a replacement cycle of traditional products.

The ES Group is led by Brian McCluskie, a seasoned manufacturing executive with a track record of driving substantial value creation through operational improvement.  “Our amazing journey over the last few years would not have been possible,” said McCluskie, “without the alignment of shareholders, owners and management: a perfect balance.” The ES Group has more than ten manufacturing facilities across Europe and North America and employs approximately 2,000 people.

Partnership Highlights

  • Cranemere and management identified an opportunity to build a global leading material specialist focused on engineered stone products.
  • ES Group has been built through the acquisition of eight companies to date. It started with the acquisition of Marmite in 2016 and now includes brands such as Acquabella, Fiora, Mcbath, Nuovvo, F&D, MTI and Aquatica, acquired from 2020 through 2022.
  • The Company is more than four times larger than it was at the time of Cranemere’s initial acquisition of Marmite.