As part of the Group’s growth strategy, Rubix has acquired specialist TGM distributor Madriferr.

Founded in 1992 by Oscar Madrid, Madriferr is a specialist supplier of tools and general maintenance products in the Madrid area.

The business has 65 employees working across two locations and generates sales of more than €15m per year.

Madriferr has delivered consistent, strong growth through the creation and development of a sales team with deep specialist knowledge and technical expertise focused on key account customers.

Oscar continues to lead the business today and will oversee the transition over the coming years, supported by Madriferr’s established management team.

Commenting on the acquisition, Jesus Martinez, CEO Rubix Spain, said: “I’m delighted to welcome Oscar and my new colleagues to the Rubix Group. We share a commitment to ensuring our people bring knowledge and expertise to our customers so that we can meet their needs and create value for their businesses.

“Madriferr strengthens our presence in the area and the offer we can take to our key account customers.”

Oscar Madrid added: “After 30 years of building this business, I’m pleased to be joining forces with Rubix. The power of the Group will accelerate our growth while significantly expanding the range of products and services we can take to our customers.”