Clearwater has advised Austrian multinational RECA Group, part of the Würth Group, on the acquisition of Walter Martínez (WM) group of companies.
Founded in 1988 by Walter Martínez, WM has c.70 employees and operates four distribution facilities across Zaragoza and Madrid. WM mainly distributes fasteners and assembly materials to industrial customers. The company provides services to its clients such as Kanban systems, bar coding, kitting and packaging and delivery services.
RECA Group operates internationally and offers high-quality fastening products, tools, installation and maintenance accessories, as well as chemical maintenance and care products to customers in the trade, industrial and automotive sectors. As one of the largest suppliers in Europe, RECA Group is a one-stop shop for leading brands in these industries. It currently consists of over 27 companies in more than 20 countries and has over 3,800 employees. More than 2,800 of these are permanently employed sales representatives. The Group generated total sales of c. €560m in 2016.
