Manufacturas GRE, S.A. entered into an agreement to acquire Splash & Zen Business from Realco S.A. (ENXTBR:REAL) for €3.5 million on March 24, 2021. The consideration for the business comprises a fixed payment of €3.5 million and three earn-out payments equal to 10% of the business's gross sales in 2022, 2023 and 2024. The Business generated gross sales of approximately €4.9 million in 2020. This Business will be integrated within GRE's existing operations. Closing of the transaction is subject customary conditions precedent and is expected to close in September 2021.