Scribd
Upload
57 views2 pages

14 - Press Release - DuravitFranke - en

Franke has acquired a 25% stake in Duravit AG, a German manufacturer of designer bathrooms. The companies plan to develop new product lines together through a strategic partnership to set trends for quality of life in bathrooms and kitchens. Both companies have complementary products and over 100 years of experience in design and innovation. The partnership will allow them to leverage their strengths for international growth in bathrooms and kitchens.

Uploaded by

Saran Baskar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
57 views2 pages

14 - Press Release - DuravitFranke - en

Franke has acquired a 25% stake in Duravit AG, a German manufacturer of designer bathrooms. The companies plan to develop new product lines together through a strategic partnership to set trends for quality of life in bathrooms and kitchens. Both companies have complementary products and over 100 years of experience in design and innovation. The partnership will allow them to leverage their strengths for international growth in bathrooms and kitchens.

Uploaded by

Saran Baskar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

PRESS RELEASE Franke Management AG

Franke-Strasse 2
P.O. Box 230
4663 Aarburg
Switzerland

Telephone +41 62 787 3131


www.franke.com

Franke is new shareholder at Duravit

Aarburg, April 4, 2016


The Swiss Franke Group has acquired an interest of 25 percent in Duravit AG, Germany. As part
of the strategic partnership, the two companies plan to mutually develop innovative product
series for the bathroom and kitchen area under their respective brands. They intend to set new
lifestyle trends for even more quality of life in the bathroom and kitchen.

Subject to approval from the competition authorities, on March 29, 2016, Franke Group acquired a stake
of 25 percent in Duravit, the German manufacturer of designer bathrooms and wellbeing systems, with
headquarters in Hornberg. Franke and Duravit have a complementary product portfolio and are an almost
perfect match. Both companies also have an international focus, strong brands and a great innovative
capacity with a focus on outstanding design, high quality and intelligent functionality.

The participation lays the foundations for establishing a strategic partnership in the bathroom and kitchen
area. The project business also holds very good prospects for additional opportunities for growth. The
bundling of common strengths enables the partners to be even more successful in setting lifestyle trends
for better quality of life in bathrooms and kitchens. This serves as the basis for further expansion and
strengthening of their international market position.

Duravit CEO Dr. Frank Richter sees the positive effects of the partnership already now: "We see a lot of
advantages on both sides. Together we can realize additional national and international growth potential
in the bathroom and kitchen sector, both in the showroom and in the project business."

Alexander Zschokke, CEO of Franke Group, said: "Partnering with Duravit is an important milestone in
the strategic development of the Franke Group. Both companies have excellent expertise, more than 100
years of experience and a high level of design competence. Not only is Duravit a strong development

1/2
partner for Franke, the corporate cultures match too – entrepreneurship is a top priority for both
companies. Together we will set new standards in the bathroom and kitchen sector and experience a
major upswing in growth."

Franke
Franke belongs to the Artemis Group and is a leading global provider of solutions and equipment for
domestic kitchens, private bathrooms, semi-/public washrooms, professional food service and coffee
preparation. The Franke Group operates worldwide and employs around 9,000 people in 39 countries,
generating sales of around CHF 2.1 billion.

Duravit
The philosophy of the company, which was founded in 1817, is about “living bathrooms”, and this is
reflected in the collaboration with high-profile designers, such as Philippe Starck, Phoenix Design, EOOS,
sieger design, and Matteo Thun. This results in innovative new developments with which Duravit
repeatedly sets new standards - for different budgets and lifestyles. Duravit focuses on excellent design,
using technology intelligently and highest quality standards. The Duravit product portfolio includes
sanitary ware, bathroom furniture, shower and bath tubs, spa systems, shower toilets and accessories.
Duravit produces at 11 locations worldwide, has about 5,800 employees and generated net sales of about
432 million euros in 2015.

Contact
Gabriele Hepp
Head of Communications
Franke Holding AG

T +41 62 787 3358


M +41 79 108 3225
E [email protected]

2/2

You might also like