LIXIL to Wholly Acquire Grohe Dawn Watertech in South Africa

LIXIL to Wholly Acquire  Grohe Dawn Watertech in South Africa

Tokyo, Japan - LIXIL Group Corporation (LIXIL Group; TSE code: 5938), a global leader in the housing and building industry, today announced that its major subsidiary, LIXIL Corporation, will acquire all outstanding shares of Grohe Dawn Watertech Holdings Proprietary Limited (GDWT) from Distribution and Warehousing network. This will allow us to deliver high quality service and world class products to our customers. We want to see everyone in Africa experience one of our brands, and we believe that as part of LIXIL, this now becomes a real possibility."

GDWT is currently the sole distributor of products for LIXIL’s GROHE brand in the Sub-Saharan region, and owner and manufacturer of South Africa’s home-grown sanitary fittings brands, including Cobra, Libra , Plexicor, Apex, Vaal, and ISCA. In the financial year ended March 2017, GDWT recorded revenue of ZAR 1.27 billion.

About LIXIL Corporation
LIXIL is a global leader in the housing and building industry. Our unique portfolio spans everything from technologies that revolutionize how we interact with water in our daily lives, to a full lineup of products and services for housing and major architectural projects. Delivering core strengths in water, kitchen, housing, and building technologies, our brands including LIXIL, INAX, GROHE, American Standard, and Permasteelisa are leaders in the industries and regions in which they operate. LIXIL operates in more than 150 countries and employs more than 70,000 people, bringing together function, quality, and design to make people’s lives better, and more delightful – wherever they are.

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