World Economy

Investcorp to Buy Spanish Co.

Investcorp to Buy Spanish Co.Investcorp to Buy Spanish Co.

Bahrain-based Investcorp is set to buy Fritta, a specialist producer of intermediates for the ceramic industry, from financial investor Nazca Private Equity, TradeArabia reported. The acquisition is subject to Spanish competition authorities clearance. Investcorp is an alternative investment manager listed on the Bahrain Bourse. Established in 1973 in Onda, Spain, Fritta produces ceramic frits and glazes as well as ceramic colors and inkjet inks, used in the manufacturing of ceramic tiles. The company’s global activities are supported by two frits manufacturing plants in Spain and Vietnam and two glaze mixing units in Italy and Mexico.