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LIXIL Group Corp and GROHE Group to jointly acquire stake in Watertech and Sanitaryware Clusters in DAWN Ltd

Wednesday, 2 Jul 2014 05:26am EDT 

LIXIL Group Corp and GROHE Group S.à r.l:Says that they had agreed to acquire, via newly established joint venture, 51 pct of shares of watertech and sanitaryware clusters of Distribution & Warehousing Network Ltd.Joint venture agreement will make LIXIL one of the suppliers of sanitary fittings in South Africa.GROHE gains production facilities in South Africa and will further expand its distribution network and strengthen business activities in Africa. 

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53.0 +2.13%
19 Dec 2014