Valencia, Spain, April 26, 2006--Faus Group announced today that the company has been bought by the top Faus management, led by Juan Negre, chairman and CEO of Faus Group, in conjunction with a financial group and an investment group from Spain.
The management, in association with the financial group, will hold the majority of seats on the board of directors.
“The change in ownership of the company comes at a crucial moment to support the global expansion of the company. This change also represents a vote of confidence to the present leadership as well as to the business plans and strategies that are being successfully implemented,” Negre stated.
“The new ownership will positively impact the company’s partnerships with key customers in the US market.” said Juan B. Flores, president of Faus Group, Inc.
